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Carlsberg Malaysia's net profit triples to RM76.39mil in 3Q from low base

Carlsberg Malaysia's net profit triples to RM76.39mil in 3Q from low base

Carlsberg Brewery Malaysia Bhd managing director Stefano Clini says the group will face issues ahead, despite reporting the highest net profit of the most recent quarter.We believe that the outlook will remain uncertain, due to the worldwide inflation pressures and the disruptions to supply chains and further cost pressures on the Group.

This is accompanied by the effect of the one-time wealth tax (Cukai Makmur) on the Group's profits and will influence the earnings of the fourth period of this year the company's CEO stated in an announcement.The brewery posted net profits that was RM76.39mil during the 3rd quarter that ended on September 30, 2022. This was nearly triple the net profits of the prior quarter in which it bounced back from a lower base due to Covid restrictions.Earnings per share for the quarter in review increased to 24.98 sen, up from 8.5 per share in the comparable quarter.

Revenue increased up to RM571.63mil, 63.65% higher than a year ago.Clini stated that the company's performance was boosted by the improvement from it Malaysia as well as Singapore markets due to the removal restrictions on Covid restrictions.Our brands also saw an impressive expansion across every category, aided to our premiumisation and ingenuity as laid out within our SAIL'22 plan,he added.

In the period of nine months in FY22, the firm's net profit increased 98.3 percent to RM256.9mil as revenue grew 46.3 percent to RM1.8bil in comparison to the same time the previous year.Directors approved an interim split of 19 sen per share which brings the total dividends for the year to 63 sen per share.Which reported by slot game online mega888.