Latest news with #LionBrewery(Ceylon)PLC
BusinessToday
3 days ago
- Business
- BusinessToday
Carlsberg's Q2 Profit Rose 3.2% To RM81.9 Million Although Revenue Declines
Carlsberg Brewery Malaysia has reported an increase in net profit of 3.2% year-on-year (y-o-y) to RM81.9 million despite a 3.4% y-o-y decline in revenue to RM490.2 million for the second quarter ended 30 June 2025 (Q2FY25). The group said this was due to the effects of lower tax expenses for the quarter. The Malaysia operations registered a higher revenue and profit from operations in part due to a lower base in the same quarter last year resulting from trade purchases in March last year ahead of the price increase. Meanwhile, the Singapore operations saw a decline in revenue and profit from operations due to the softer on-trade performance and intensified competitive pricing pressure in the market, amid cautious consumer sentiment and subdued discretionary spending. Additionally, the Group's Sri Lankan-based associate company Lion Brewery (Ceylon) PLC recognised a higher share profit of RM9.1 million in Q2FY25 compared with RM8.3 million in Q2FY24 due to improved Group's earnings per share (EPS) for Q2FY25 were 26.80 sen compared to 25.97 sen in Q2FY24. The Board of Directors announced a second interim dividend of 20 sen per share for the second quarter ended 30 June 2025, bringing the cumulative interim dividend to 43 sen per share for FY2025. For the six months ended 30 June 2025 (1HFY25), the Group saw net profit up by 5.4% y-o-y to RM176.5 million versus RM167.3 million in 1HFY24, 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 1HFY24. The Group's revenue, on the other hand, fell by 6.5% y-o-y to RM1.15 billion versus RM1.23 billion 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.
The Sun
4 days ago
- 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
4 days ago
- 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.
New Straits Times
29-05-2025
- Business
- New Straits Times
Carlsberg Malaysia's Q1 earnings higher at RM94.5mil, revenue lower at RM662.8mil
KUALA LUMPUR: Carlsberg Brewery Malaysia Bhd reported an 8.7 per cent lower revenue but a 7.5 per cent higher net profit for the first quarter ended March 31 2025. Its net profit stood at RM94.5 million on the back of a RM662.8 million turnover, Carlsberg Malaysia said today. "We delivered a solid first quarter of the year, despite subdued consumer spending in an environment with increased macroeconomic volatility," said Carlsberg Malaysia managing director Stefano Clini. "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 added. The company said the lower top-line performance was impacted by the shorter Chinese New Year timing, as part of the festive sales had already been captured in December 2024. A higher base was also recorded in same quarter last year, due to the additional trade purchases in March 2024, ahead of the price increase that took place in April 2024. The absence of additional deferred tax liabilities from foreign withholding tax in the company's Sri Lankan-based associate company Lion Brewery (Ceylon) PLC recognised in the first quarter of FY2024, contributed to the higher net profit in the quarter under review. Carlsberg Malaysia's earnings per share for the quarter stood at 28.76 sen, compared to 27.81 sen in Q1FY24. The company announced the first interim dividend of 23 sen per share for the quarter.
