Carslbergs’ Malay subsidiary has increased the turnover significantly in the year’s second quarter; this resulted in a 29 percent profit jump.
According to Carlsberg Brewery Malaysia’s press release the increase was driven by a growth in revenue by 3,3 percent, improved performance in Singapore and effective cost management.
Carlsberg Malaysias managing director Henrik Juel Andersen thinks it is satisfying to see this progress in a time where the demand for beer has softened in Malaysia.
“The efforts we have made over the past nine months to turn-around the Singaporean operations and build a stronger foundation for future growth are starting to pay-off,” he says and adds that the addition of Asahi Super Dry and other alcoholic brands to Carlsberg’s portfolio, after acquiring the majority share in MayBev earlier this year, has further boosted their performance in Singapore.
Danish news site fodevarewatch.dk reports that compared to last year, the revenue of Carlsberg Malaysia increased from MYR 344,5 million to MYR 356 million ringgit approximately 637 million DKK. According to the site Carlsberg owns around 50,7% of the shares in Carlsberg Brewery Malaysia.