Carlsberg Brewery Malaysia Bhd has reported a net profit of RM91.6 million for the first quarter ended 31 March 2022 (Q1FY22), a 37.8% increase on the back of revenue growth of 22.9% to RM653.9 million year-on-year.
In a statement, it said that the higher earnings were mainly driven by stronger Chinese New Year (CNY) sales in both its Malaysia and Singapore operations as the COVID-19 lockdown and dining-in restrictions were gradually lifted.
It said that the Revenues of both the Malaysia and Singapore operations grew 27.4% and 13.8% respectively year-on-year. The strong revenue growth was driven by better pricing and channel mix as well as successful CNY sales and on-ground activations. The revenue growth, which offsets higher marketing costs incurred to drive consumption, bolstered net profit by 37.8%.
The Group’s earnings per share (EPS) for Q1FY22 registered a growth of 37.9% to 29.96 sen, compared to 21.73 sen in Q1FY21. On the back of this performance, the Board of Directors is pleased to announce a first interim dividend of 22 sen per share.
