Carlsberg’s Profit Dips, Board Concerned Of The Various Headwinds For The Year

Carlsberg Brewery Malaysia Bhd achieved a Net Profit of RM26.411 million on the back of a turnover of RM349.293 for the current quarter ending 30th September 2021 from a Net Profit of RM41.819 million on the back of a revenue of RM453.319 million for the same quarter previously.

For the nine-months ended September 30, 2021, it achieved a net profit of RM131.602 million on the back of a turnover of RM1.230 billion from a net profit of RM126.397 million on the back of a turnover of RM1.312 billion.

It said that the Group’s revenue decreased by 19.8% to RM349.3 million compared to the same quarter last year as both Malaysia and Singapore operations registered lower sales following the temporary suspension of brewery operations and the tightening of COVID-19 measures in both countries

It said that Malaysia sales revenue decreased by 24.8% to RM216.9 million primarily attributed to the 11 weeks brewery closure from 2 June to 15 August. “On-trade performance was adversely impacted by the dine-in restriction during this period and continued closure of entertainments and bars outlets. The brewery resumed its operation from 16 August 2021,” Carlsberg said.

The company said that the Group’s revenue decreased by 6.2% to RM1,231 million due to lower overall sales in Malaysia offset by higher sales in Singapore.

It said that the lower sales were attributed to the various phases of COVID-19 lockdown measures impacting the On-trade channel, coupled with the temporary suspension of the brewery.

Looking ahead, the Board remains cautious on the remaining financial year, given the continued closure of entertainment outlets and international tourism throughout the National Recovery Plan (NRP) as well as the clear onset of commodity headwinds.

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