Shah Alam: Carlsburg Bruri Malaysia BHD reported an increase of 5.1% in revenue of RM2.4 billion and 3% increase in net profit for RM337.1 million for the financial year, ended December 31, 2024 (FY24), Which is responsible for jumping till time. The Chinese New Year holiday is both in 2024 and 2025 respectively and in the first.
The group recommended the final dividend of 35 Sen per share, under the approval of shareholders at the upcoming 55th annual general meeting.
On approval, it will bring total declared dividends for FY 25 per share for FY 25.
Carlsburg Malaysia’s top and lower-line figures reached a new level, which reflects its ability to navigate economic uncertainties, maintaining the consumer’s demand.
Chief Financial Officer Vivian Gun Ling Linga stated that in 2024 a favorable Chinese New Year season has contributed to volume growth, both in front of both and with increased celebrations with back-end sales.
However, he said that the company experienced a margin compression due to marketing investment and increase in the cost of high raw materials.
“The launch of Sapporo and Brout, with intensive Chinese New Year promotion, required significant advance expenses, which affects profitability in the short term.
Additionally, he stated that rising aluminum costs, China’s export price -added tax (VAT) extended extended, puts additional pressure on production expenses.
“Despite these challenges, Carlsburg Malaysia is convinced in the long -term pricing approach to reduce its cost adaptation strategies and margin pressure,” she said.
Gun said that the firm navigates a highly competitive landscape in Singapore.
“The company has extended efforts to pursue its existing brands, while recently taking advantage of the Sapporo launch to capture more market share.
“Unlike Malaysia, where Carlsburg has exclusive rights to manufacture and distribute Sapporo, Singapore market works under a separate model, where Carlsburg is only on trade distribution rights.”
He said that the company has fought competition in Singapore, increasing the brand’s activism and strategic marketing efforts.
He commented that the company remains carefully optimistic for 2025, which recognizes the challenges arising from inflation pressure, high interest rates, and economic uncertainties.
