Better earnings for GAB

Friday February 24, 2012

By THOMAS HUONG
huong@thestar.com.my

PETALING JAYA: Guinness Anchor Bhd (GAB) posted a slight increase in net profit to RM65.8mil for its second quarter ended Dec 31, 2011 compared with RM64.6mil a year earlier.

Revenue for the quarter grew 11% year-on-year to RM468.3mil on the back of strong sales generated during large-scale commercial events and an earlier Chinese New Year festive period.

The producer of beer and stout told Bursa Malaysia that in the second quarter, there was a one-off reversal of costs over-accrued in the previous financial year.

For the six months ended Dec 31, 2011, GAB's net profit grew 17% year-on-year to RM121mil while revenue rose 15.8% to RM912.9mil.

GAB brewery in Sungai Way, Selangor. The company has declared a single-tier interim dividend of 10 sen per 50 sen stock unit for FY12.

Earnings per share for the first half of the current financial year (FY12) improved to 40.06 sen against 34.20 sen a year earlier.

GAB has also declared a single-tier interim dividend of 10 sen per 50 sen stock unit for FY12.

The total dividend for the first half of FY12 was 70 sen per 50 sen stock unit.

Managing director Charles Ireland said in a statement that the company's performance was within expectations.

“Our domestic business is performing well. However, we see a significant reduction in our duty-free and export volume as a result of our strategy to focus on the local market,” he said.

He said the brewery's Guinness brand was the star in the first half of FY12 while “Heineken again grew by double-digits and Tiger continued to consolidate its leadership position in the malt liquor market.”

Ireland added that the company's RM40mil information technology infrastructure upgrade initiative, called Project Quantum, was expected to be completed in December.

“With a good performance in the first half, I am confident that GAB will deliver a satisfactory performance across the full year,” he said.

http://biz.thestar.com.my/news/story.asp?file=/2012/2/24/business/10795634&sec=business

Guinness


Market Watch
Recent Financial Results

RM'000  
Date   Financial Yr. End   Qtr   Period End   Revenue  Profit/Lost  EPS   Amended
23-Feb-12      30-Jun-12      2   31-Dec-11      468,322      65,822      21.79       -
02-Nov-11      30-Jun-12      1   30-Sep-11      444,623      55,208      18.28       -
04-Aug-11      30-Jun-11      4   30-Jun-11      348,759      29,076      9.63       -
05-May-11      30-Jun-11      3   31-Mar-11      351,916      48,972      16.21       -

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