Latest news with #LionBrewery
Business Recorder
6 days ago
- 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.
Malaysian Reserve
29-05-2025
- Business
- Malaysian Reserve
Carlsberg Malaysia 1Q profit rises 7.5% to RM94.5m, declares 23 sen dividend
CARLSBERG Brewery Malaysia Bhd saw a 7.49% year-on-year increase in net profit to RM94.52 million for the first quarter ended March 31, 2025 (1Q25), driven by the absence of a deferred tax liability linked to its Sri Lankan associate Lion Brewery (Ceylon) PLC. The group declared a first interim dividend of 23 sen per share, payable on July 28. However, quarterly revenue fell 8.67% y-o-y to RM662.81 million due to lower sales volume from an earlier Chinese New Year and a high base from trade purchases in the previous year. Revenue from Singapore dropped 8.8% to RM168.2 million, impacted by softer demand and currency fluctuations. Carlsberg said it remains focused on navigating macroeconomic uncertainties through cost optimisation, brand premiumisation, product innovation, and digital transformation. — TMR
Business Recorder
23-04-2025
- Business
- Business Recorder
Sri Lankan shares fall as IT, consumer staples drag
Sri Lankan shares closed slightly lower on Wednesday as weakness in information technology and consumer staples countered gains in materials and industrials. The CSE All-Share index settled 0.08% lower at 15,543.99 points. Harischandra Mills and Lion Brewery were the top losers by index points, down 400 points and 62 points, respectively. Trading volume on the index rose to 38.48 million shares from 36.58 million shares in the previous session. Sri Lankan shares end lower as IT, consumer discretionary weigh The equity market's turnover rose to 1.1 billion Sri Lankan rupees from 991.44 million rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks worth 80.26 million rupees, while domestic investors were net buyers, purchasing shares worth 1.05 billion rupees, the data showed.
Business Recorder
23-04-2025
- Business
- Business Recorder
IT and industrials drag Sri Lankan shares lower
COLOBO: Sri Lankan shares closed lower on Tuesday, dragged by information technology and industrial stocks. The CSE All-Share index settled 0.28% lower at 15,555.86 points. Lion Brewery and Diesel and Motor Engineering were the top losers by index points, down 46 points and 41.25 points, respectively, on the day. Trading volume on the index fell to 36.58 million shares from 42.36 million shares in the previous session. The equity market's turnover dipped to 991.44 million Sri Lankan rupees ($3.3 million) from 1.17 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers, offloading stocks worth 88.86 million rupees, while domestic investors were net buyers, purchasing shares worth 966.93 million rupees, the data showed.
