Latest news with #RM81.9
BusinessToday
4 days ago
- Business
- BusinessToday
Mixed Pour For Q2 As Carlsberg Up, REITs Down, Builders Busy
Carlsberg Malaysia's second-quarter net profit climbed 3.2 per cent to RM 81.9 million, despite a decline in revenue, signaling improved cost efficiency and operational resilience. Sunway REIT reported an 11 per cent drop in Q2 profit to RM 129 million, attributed to softer occupancy and rental yields across its retail and hospitality portfolio. Additionally, MGB Berhad has accepted a Letter of Award for a RM 185 million apartment project in Medini, signalling active investment and expansion within its development pipeline. Read full stories here: Carlsberg's Q2 Profit Rose 3.2% To RM81.9 Million Although Revenue Declined MSC Records Lower Profit For 2Q At RM13.9 Million Sunway REIT's Q2 Profit Drops 11% To RM129 Million Rhone Ma Posts Improved Q2 Profit Despite Revenue Slip MGB Accepts LOA For RM185 Million Apartment Project In Medini
BusinessToday
4 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.
