Carlsberg Brewery Malaysia Berhad reported a net profit of RM317 million on the back of a revenue of RM2.4 billion, for the financial year ended 31 December 2022 (FY22).
This set of strong results was mainly driven by its focus on premiumisation and revenue management efforts. FY22 also enjoyed undisrupted operations as compared to the brewery shutdown in the previous year. The Group’s earnings per share (EPS) for FY22 was 103.70 sen, an increase of 58%, versus 65.74 sen
in FY21.
On the fourth quarter ended 31 December 2022 (Q4FY22), the Group registered a revenue growth of 13.0% to RM612.8 million, while net profit fell by 15.8% to RM60.1 million versus the corresponding quarter in 2021. These lower earnings were mainly attributed to one-off expenses pertaining to the disposal of the old bottling line, the prosperity tax in Malaysia, and a higher marketing spend given the earlier timing of the 2023 Chinese New Year (CNY). The Group’s Sri Lankan-based associate company Lion Brewery (Ceylon) PLC also performed strongly, despite the political and economic challenges in the country.
The Board of Directors said it will recommend a final dividend of 25 sen per share, subject to the shareholders’ approval at the upcoming 53rd Annual General Meeting. Together with the interim dividends declared for the first nine months of FY22 amounting to 63 sen per share, this brings the total declared and proposed dividend for FY22 to 88 sen per share, an increase of 57%, versus FY21.
