Carlsberg Brewery Malaysia Berhad reported a net profit of RM88.9 million in the second quarter of fiscal year 2022 (Q2FY21), an increase compared to the same period last year of 139.5%, on the back of a 64.4% revenue growth to RM574.2 million as sales recovered from the disruptions experienced in the previous year.
In the domestic market, the Group saw an increase in sales in June as customers increased their purchases ahead of the price adjustment from 1 July 2022. In Singapore, the lifting of dine-in restrictions, coupled with the easing of Singapore-Malaysia border restrictions on 1 April 2022 led to the recovery in on-trade consumption.
The Group’s associate company in Sri Lanka, Lion Brewery (Ceylon) PLC registered a lower share of profit of RM1.4 million in Q2FY22 as compared to a share of profit of RM2.7 million for Q2FY21 due to a one-off surcharge tax expense of RM3.7 million. In the current economic crisis and uncertainty, the Group will continue to closely monitor the developments in the country.
The Group’s earnings per share (EPS) for the quarter was 29.09 sen versus 12.15 sen in Q2FY21.
For the first half ended 30 June 2022 (1HFY22), the Group’s net profit increased by 74.3% to RM180.5 million as revenue grew 39.4% to RM1.2 billion against the same period last year. The solid results were a sign of stable recovery and sustained growth momentum, further amplified by our continuous focus on strategic initiatives, as well as strong value management initiatives to protect our margins.
On the back of this satisfactory performance, the Board of Directors announces a second interim dividend of 22 sen per share, bringing the total dividend for the year to 44 sen per share
