Carlsberg 4Q net profit up 51.8% to RM30.49m
Written by Surin Murugiah of theedgemalaysia.com
Thursday, 24 February 2011 20:13
KUALA LUMPUR: CARLSBERG BREWERY MALAYSIA BHD []’s net profit rose 51.8% to RM30.49 million in the fourth quarter ended Dec 31, 2010 from RM20.09 million a year ago, driven by higher export and contract manufacturing sales.
It said on Thursday, Feb 24 revenue rose to RM326.06 million from RM300.40 million in 2009. Earnings per share were 9.97 sen while net asset per share was RM1.93. It announced a final gross dividend of 7.5 sen per and special gross dividend of 43 sen share.
For the financial year ended Dec 31, 2010 Carlsberg's net profit surged to RM133.24 million from RM76.14 million in 2009, on the back of revenue RM1.37 billion in FY10 from RM1.05 billion in FY09.
Carlsberg said the increased in profit was due to
On its current year prospects, Carlsberg said the move by the government not to raise excise duties for beer and stout products in Budget 2011 was a clear indication that the government was sensitive to the industry and the public as Malaysia was already the second highest excise duty paying country in the world after Norway.
"In line with this, we expect the domestic beer market to grow moderately in 2011," it said.
Written by Surin Murugiah of theedgemalaysia.com
Thursday, 24 February 2011 20:13
KUALA LUMPUR: CARLSBERG BREWERY MALAYSIA BHD []’s net profit rose 51.8% to RM30.49 million in the fourth quarter ended Dec 31, 2010 from RM20.09 million a year ago, driven by higher export and contract manufacturing sales.
It said on Thursday, Feb 24 revenue rose to RM326.06 million from RM300.40 million in 2009. Earnings per share were 9.97 sen while net asset per share was RM1.93. It announced a final gross dividend of 7.5 sen per and special gross dividend of 43 sen share.
For the financial year ended Dec 31, 2010 Carlsberg's net profit surged to RM133.24 million from RM76.14 million in 2009, on the back of revenue RM1.37 billion in FY10 from RM1.05 billion in FY09.
Carlsberg said the increased in profit was due to
- higher domestic sales,
- the synergies arising from the acquisition of Carlsberg Singapore Pte Ltd and
- the good performance in the super premium segment through its subsidiary Luen Heng F&B Sdn Bhd.
On its current year prospects, Carlsberg said the move by the government not to raise excise duties for beer and stout products in Budget 2011 was a clear indication that the government was sensitive to the industry and the public as Malaysia was already the second highest excise duty paying country in the world after Norway.
"In line with this, we expect the domestic beer market to grow moderately in 2011," it said.
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