Latest news with #LionBrewery
The Sun
12-08-2025
- Business
- The Sun
Carlsberg Malaysia confident of sustaining profit margins
SHAH ALAM: Carlsberg Brewery Malaysia Bhd does not expect volume growth this year but will implement a single-digit price adjustment towards year-end. While the ringgit has strengthened and raw material costs have improved, the company remains optimistic about its outlook and confident of sustaining profit margins. Declining to elaborate on the price adjustment, managing director Stefano Clini said macroeconomic challenges will continue to create uncertainty for sales and margin growth. 'Despite the challenges, the group remains optimistic that the recent OPR (Overnight Policy Rate) reduction, together with the government's ongoing fuel subsidy rationalisation, electricity tariff restructuring, lower interest rates, and targeted cash assistance, will help boost consumer confidence,' he said at a media briefing today. Clini added that the company hopes there will be no excise duty hikes and trusts that the government is mindful of the industry's operating conditions. Looking ahead, he said the group will continue navigating a challenging macroeconomic landscape marked by external headwinds and prolonged soft consumer sentiment. Cost optimisation will remain a key focus to support investments in brand premiumisation, product innovation, and digital transformation. For the second quarter ended June 30, 2025 (Q2'25), net profit rose 3.18% to RM81.93 million from RM79.40 million a year ago. Revenue, however, fell 3.41% to RM490.17 million from RM507.48 million due to a shorter Chinese New Year period, which dampened sales. Malaysian operations recorded higher revenue and operating profit, partly due to a lower base last year following trade purchases in March 2024 ahead of a price increase. In contrast, Singapore operations saw declines in revenue and profit, impacted by softer on-trade performance, intense pricing competition, cautious consumer sentiment, and subdued discretionary spending. The group's Sri Lankan associate, Lion Brewery (Ceylon) PLC, posted a higher share of profit at RM9.1 million compared with RM8.3 million in Q2'24, supported by improved revenue. Earnings per share for Q2'25 stood at 26.80 sen versus 25.97 sen a year ago. For the first half of FY25, net profit increased 5.4% to RM176.5 million from RM167.3 million, mainly due to the absence of additional deferred tax liabilities from foreign withholding tax for Lion Brewery recorded in the same period last year. Revenue for the period decreased 6.5% to RM1.15 billion from RM1.23 billion, also due to the shorter festive period, with some sales captured in December 2024. Despite macroeconomic headwinds, Carlsberg Malaysia remains committed to sustaining profitability through strategic pricing, operational efficiency, and continued investment in premium brands and innovation.
The Sun
12-08-2025
- Business
- The Sun
CCarlsberg Malaysia confident of sustaining profit margins
SHAH ALAM: Carlsberg Brewery Malaysia Bhd does not expect volume growth this year but will implement a single-digit price adjustment towards year-end. While the ringgit has strengthened and raw material costs have improved, the company remains optimistic about its outlook and confident of sustaining profit margins. Declining to elaborate on the price adjustment, managing director Stefano Clini said macroeconomic challenges will continue to create uncertainty for sales and margin growth. 'Despite the challenges, the group remains optimistic that the recent OPR (Overnight Policy Rate) reduction, together with the government's ongoing fuel subsidy rationalisation, electricity tariff restructuring, lower interest rates, and targeted cash assistance, will help boost consumer confidence,' he said at a media briefing today. Clini added that the company hopes there will be no excise duty hikes and trusts that the government is mindful of the industry's operating conditions. Looking ahead, he said the group will continue navigating a challenging macroeconomic landscape marked by external headwinds and prolonged soft consumer sentiment. Cost optimisation will remain a key focus to support investments in brand premiumisation, product innovation, and digital transformation. For the second quarter ended June 30, 2025 (Q2'25), net profit rose 3.18% to RM81.93 million from RM79.40 million a year ago. Revenue, however, fell 3.41% to RM490.17 million from RM507.48 million due to a shorter Chinese New Year period, which dampened sales. Malaysian operations recorded higher revenue and operating profit, partly due to a lower base last year following trade purchases in March 2024 ahead of a price increase. In contrast, Singapore operations saw declines in revenue and profit, impacted by softer on-trade performance, intense pricing competition, cautious consumer sentiment, and subdued discretionary spending. The group's Sri Lankan associate, Lion Brewery (Ceylon) PLC, posted a higher share of profit at RM9.1 million compared with RM8.3 million in Q2'24, supported by improved revenue. Earnings per share for Q2'25 stood at 26.80 sen versus 25.97 sen a year ago. For the first half of FY25, net profit increased 5.4% to RM176.5 million from RM167.3 million, mainly due to the absence of additional deferred tax liabilities from foreign withholding tax for Lion Brewery recorded in the same period last year. Revenue for the period decreased 6.5% to RM1.15 billion from RM1.23 billion, also due to the shorter festive period, with some sales captured in December 2024. Despite macroeconomic headwinds, Carlsberg Malaysia remains committed to sustaining profitability through strategic pricing, operational efficiency, and continued investment in premium brands and innovation.
The Star
12-08-2025
- Business
- The Star
Carlsberg reports 3.2% rise in 2Q net profit
KUALA LUMPUR: Carlsberg Brewery Malaysia Bhd remains cautious as it navigates an uncertain macroeconomic landscape due to external headwinds and subdued consumer sentiment. The brewer said recent policy measures — including a cut to Malaysia's overnight policy rate (OPR), fuel subsidy rationalisation, electricity tariff restructuring and targeted cash assistance — could help boost consumer sentiment. 'Against this backdrop, the group will continue to focus on cost optimisation to support investments in brand premiumisation, product innovation and digital transformation. 'These efforts reflect the group's commitment to delivering long-term sustainable value for shareholders and stakeholders,' Carlsberg said in a statement. Carlsberg reported a 3.2% year-on-year (y-o-y) increase in net profit to RM81.9mil for the second quarter ended June 30 (2Q25), up from RM79.4mil a year earlier. Earnings per share rose to 26.80 sen, compared to 25.97 sen in 2Q24. This came despite a 3.4% y-o-y decline in revenue to RM490.2mil for 2Q25 from RM507.5mil previously. Carlsberg said this is due to the effects of lower tax expenses for the quarter. The board of directors has announced the second interim dividend of 20 sen per share for 2Q25, bringing the cumulative interim dividend to 43 sen per share for FY25. In the first six months ended June 30 (1H25), Carlsberg saw its net profit up by 5.4% y-o-y to RM176.5mil versus RM167.3mil in 1H24, due to the absence of additional deferred tax liabilities from foreign withholding tax in the group's Sri Lankan-based associate company Lion Brewery (Ceylon) PLC recognised in 1H24. The group's revenue, on the other hand, fell by 6.5% y-o-y to RM1.15bil versus RM1.23bil in the same period last year due to the shorter Chinese New Year (CNY) timing, as part of the festive sales had been captured in December 2024. 'We are satisfied with our performance for the first half of the year despite the lower sales due to the shorter CNY timing. 'Our continued focus on our disciplined discount management and also operational efficiency demonstrates the resilience of our business strategy amid the challenging and subdued local market, giving us the confidence to keep investing in our brands,' managing director Stefano Clini said.
Business Recorder
04-06-2025
- Business
- Business Recorder
IT, consumer staples lift Sri Lanka shares
Sri Lankan shares closed higher on Wednesday, aided by gains in information technology and consumer staples stocks. The CSE All Share index settled up 0.81% at 17,353.05, rising for the seventh straight session. Lion Brewery (Ceylon) and SMB Finance were the top two percentage gainers on the CSE All Share, rising 22.13% and 16.67%, respectively. Sri Lankan shares notch eighth straight weekly gain Trading volume on the CSE All Share index rose to 279 million shares from 271.9 million in the previous session. The equity market's turnover inched up to 7.37 billion Sri Lankan rupees ($24.6 million), according to exchange data. Foreign investors were net sellers, offloading stocks worth 395.4 million rupees, while domestic investors were net buyers, purchasing shares worth 7.05 billion rupees, the data showed.
The Star
29-05-2025
- Business
- The Star
Carlsberg to invest in brand premiumisation, product innovation
PETALING JAYA: Carlsberg Brewery Malaysia Bhd will continue to invest in brand premiumisation, product innovation and digital transformation while optimising costs to navigate a tougher macroeconomic environment 'that may result in prolonged soft consumer sentiment.' The brewery acknowledged that external headwinds and market uncertainty may dampen sentiment in the near term but said it remains committed to delivering sustainable value for shareholders and stakeholders. For the first quarter ended March 31, 2025 (1Q25), Carlsberg saw its bottomline improve by 7.5% year-on-year despite almost a 9% drop in revenue. Its managing director Stefano Clini believes the group 'delivered a solid first quarter', despite subdued consumer spending in 1Q25. 'We remain committed to staying agile and responsive to market dynamics and competition in both Malaysia and Singapore, ensuring that we continue delivering value to our consumers and stakeholders,' he noted in a statement. 'Our focus remains on executing our 'Accelerate Premium' strategy by enhancing our premium brands, strengthening customer and consumer engagement, and driving sustainable value creation through differentiated offerings.' For 1Q25, Carlsberg saw its topline drop by 8.67% to RM662.81mil from RM725.76mil in the previous corresponding quarter. 'The lower top-line performance was impacted by the shorter Chinese New Year (CNY) timing, as part of the festive sales had already been captured in December 2024,' the brewery said in the statement. 'A higher base was also recorded in the same quarter last year, due to the additional trade purchases in March 2024, ahead of the price increase that took place in April 2024.' Despite the lower revenue, the brewery posted a 7.49% increase in net profit to RM94.52mil from RM87.93mil in 1Q24. The stronger net earnings were mainly attributed to the absence of additional deferred tax liabilities arising from foreign withholding tax in its Sri Lankan associate company, Lion Brewery (Ceylon) PLC, which were recognised in 1Q24. Total revenue from the Malaysian market declined by 8.6% to RM494.6mil from RM541.4mil in 1Q24. Despite the drop in revenue, profit from operations in Malaysia rose slightly by 1.4% to RM106.3mil, supported by lower operational spending compared to the same quarter last year. In Singapore, revenue fell by 8.8% to RM168.2mil due to weaker sales. Profit from operations in the market dropped sharply by 36.1% to RM10.4mil from RM16.2mil a year earlier. At the group level, profit from operations decreased by 3.6% to RM116.7mil from RM121.1mil in 1Q24. Earnings per share rose to 30.91 sen for the quarter under review, up from 28.76 sen in the previous corresponding quarter, while the group declared a first interim dividend of 23 sen per share, compared with 22 sen a year ago.
