Kuala Lumpur, 20 August 2019 – Carlsberg Brewery Malaysia Berhad (the Group) reported solid growth in both revenue by 18.3% to RM1.14 billion and net profit by 5.6% to RM152.9 million for the first half-year ended 30 June 2019 (“1HFY19”) as compared to the same period last year.
For the quarter ended 30 June 2019 (“Q2FY19”), the Group’s net profit grew by 2.1% to RM65.3 million, while revenue increased by 15.7% to RM480.5 million. The organic revenue for Q2FY19 grew by 11.2%, excluding the impact of SST.
The organic revenue growth for 1HFY19 and Q2FY19 were 15.7% and 15.4% respectively if excluding the SST impacts. The solid performance was driven by higher sales across all major product segments fuelled by continuous marketing investments on consumer-facing activities.
The Board declared a SECOND quarter single-tier interim dividend of 16.1 sen per ordinary share. Together with the FIRST quarter interim dividend declared in respect of Q1FY19 of 21.5 sen per ordinary share, the total 1HFY19 interim dividends stand at 37.6 sen per ordinary share, which represents a payout ratio of 75.1% of the Group’s net profit for 1HFY19.
The Group is hopeful that the Government will not impose any further increase on excise duties in the upcoming Federal Budget announcement on 11th October 2019 as any increase will lead to an influx of contraband beers and losses to government tax revenue.
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