SHAH ALAM: Carlsberg Brewery Malaysia Berhad (the Group) has reported a decline in revenue of 10.2% to RM513.4 million and a decline of 0.6% in net pr...
SHAH ALAM: Carlsberg Brewery Malaysia Berhad has reported a decline in revenue of 10.2% to RM513.4 million and a decline of 0.6% in net profit to RM75.9 million for the third quarter ended Sept 30, 2023 versus the same quarter last year due to a weaker trading environment and softer consumer sentiment.
For the cumulative nine months ended Sept 30, 2023 , the Group’s revenue decreased by 6.6% to RM1.68 billion, while its net profit declined by 3.0% to RM249.2 million against the same period last year. The subdued performance is due to weaker consumer sentiment, compared to the post-Omicron recovery and pent-up consumer demand a year ago in both Malaysia and Singapore.
In addition, on Oct 23, 2023, the Group took home the highest ‘Return-on-Equity’ Award over a three-year period for the fourth consecutive time, within the Consumer Products & Services category, at The Edge Billion Ringgit Club Awards 2023. As reported in its Integrated
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