The Group’s revenue for the first quarter ended 31 March 2010 increased by 30.6 per cent compared to the corresponding quarter in the previous year. The higher revenue was mainly due to consolidation of the results of Carlsberg Singapore Pte. Ltd. (CSPL) as well as the later timing of the 2010 Chinese New Year.
Arising from the higher revenue mentioned above, the Group‟s Profit Before Tax for the quarter of RM49.2 million was 67.4 per cent or RM19.8million higher than the same period last year. The main drivers for the significant profit improvement arose from the acquisition of CSPL, higher share of profit from associated company Lion Brewery Ceylon PLC and higher contribution from Luen Heng F & B Sdn. Bhd.