Carlsberg Brewery Malaysia Bhd (Carlsberg Malaysia) is likely to see weaker earnings growth this year, as the low base effect dissipates. The brewer’s annual net profit surged 57.7% to RM317.05 million in FY2022 from RM200.99 million in the previous year, driven by top-line growth and higher profits in both its Malaysia and Singapore operations, combined with a higher share of profit from Lion Brewery (Ceylon) plc (LBCP) in Sri Lanka. Annual revenue grew 36.1% year-on-year to RM2.41 billion from RM1.77 billion, owing to a lower base due to various lockdown restrictions previously, including the suspension of brewery operations from June 2 to Aug 15, 2021.
KUALA LUMPUR: Local breweries expect the business environment to remain challenging in 2023 on the back of global supply chain disruptions and recessionary pressures from leading economies.
KUALA LUMPUR (March 16): Carlsberg Brewery (M) Bhd today (March 16) announced its final single-tier dividends per ordinary share of 25 sen, payable on May 18, 2023. The final dividends for the financial year ended Dec 31, 2022 (FY2022) brought the group’s total dividends per ordinary share for the year to 88 sen per share. This was the highest dividend per share declared and payable by the group since the financial year ended Dec 31, 2019.
Carlsberg Brewery Malaysia Bhd managing director Stefano Clini hopes that the retabling of Budget 2023 today would not bring with it additional excise duties for the beer industry, as he believes the outlook for the company remains uncertain.