SHAH ALAM, May 27th, 2010 – Carlsberg Brewery Malaysia Berhad (Carlsberg Malaysia) the brewery with the No 1 beer brand in Malaysia announced a 1st quarter 2010 net profit of RM38.1 million for the 3 months ended 31 March 2010, an improvement of 76.5 per cent over the corresponding quarter in the previous year.
Revenue of RM378.5 million for the same quarter was 30.6 per cent higher than the quarter in the previous year. The higher revenue was mainly due to the later timing of the 2010 Chinese New Year as well as the consolidation of the revenue of its newly acquired subsidiary Carlsberg Singapore Pte Ltd.
Earnings per share of 12.38 sen per ordinary share for the quarter under review was 76.8 per cent higher than last year.
“We are very pleased with the performance in the 1st quarter 2010 where our strategy for growth in the domestic market with a more robust brand portfolio as well as in the Singapore market is delivering the expected results.” Mr Soren Ravn, Managing Director commented.