Shah Alam: Carlsberg Brewery Malaysia Bhd has increased revenue to RM2.4 billion for the fiscal year ended December 31, 2024 (FY2004), with a 3% increase in net profit to 337.1 million. We reported that we have grown to RM. China’s New Year holidays are both 2024 and 2025 and 2025 respectively.
The group recommended a final dividend of 35 sen per share at the 55th Annual Meeting, subject to shareholder approval.
Once approved, this will result in a total dividend of FY24 per share of RM1.
Carlsberg Malaysia’s top and bottom line figures have reached new highs, reflecting their ability to navigate economic uncertainty while maintaining consumer demand.
Chief Financial Officer Vivian Gun Ling Ling said that the 2024 favourable Chinese New Year season has contributed to the growth of volume, with both front-end sales benefiting from increased celebratory spending. I’ve said that.
However, she noted that the company experienced margin compression due to increased marketing investments and increased raw material costs.
“The launch of Sapporo and Brute has strengthened China’s New Year promotion, requiring significant advance spending and impacted profitability in the short term.
She also noted that the rise in aluminum costs, which has been exacerbated by the elimination of China’s export value-added tax (VAT) rebates, has put additional pressure on production costs.
“Despite these challenges, Carlsberg Malaysia is confident in its cost optimization strategy and long-term pricing approach to reduce margin pressure,” she said.
Gunn said the company is navigating Singapore’s highly competitive landscape.
“The company has stepped up its efforts to push existing brands and leveraged the recent launch of its cardboard to gain market share.
“Unlike Malaysia, where Carlsberg holds exclusive rights to manufacture and distribute Sapporo, the Singapore market operates under a different model, with Carlsberg holding only the right to distribute on trade.”
She said the company has strengthened its brand activation and strategic marketing efforts in Singapore to counter the growing competition.
She said the company is cautiously optimistic about 2025 and is aware of the challenges posed by inflationary pressures, high interest rates and economic uncertainty.
