Page 12 - MFBD 1920_02Mar2020
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Editorial
For the fourth quarter ended December 31, 2018 (4QFY18), Carlsberg Brewery Malaysia Bhd’s net pro t rose 34.9% to RM67.45 million, from RM50 million a year ago. Revenue for the quarter rose 22.3% year-on-year to RM525.65 million from RM429.94 million. In its  ling with Bursa Malaysia, Carlsberg said the improved pro tability was attributable to stronger performance in Malaysia and Singapore operations, coupled with higher share of pro t from associate company, Lion Brewery (Ceylon) PLC.
The group said the Malaysia operations sustained its growth momentum, driven by double-digit improvements across its main product segments, particularly its premium brands, despite higher commercial related investments during this quarter. Carlsberg Smooth Draught continued its robust growth riding on the POP Cap innovation and successful execution of consumer promotions. In Singapore, the improvement was due to various negative trade offer adjustments in the previous corresponding quarter.
For the  nancial year ended December 31, 2018 (FY18), the group’s net pro t increased 25.3% to RM277.15 million, from RM221.17 million in FY17, backed by a revenue growth of 12.1% to RM1.98 billion, from RM1.77 billion a year ago.
Carlsberg expects consumer sentiment in the country to remain dampened in 2019 amid the uncertainty in the macro economic situation. In addition, the group said rising prices for raw and packaging materials will have a negative impact on production costs going forward. In Singapore, Carlsberg said the anticipated introduction of the European Free Trade Agreement in the third quarter of 2019 will pose a further challenge from cheaper imports. Despite the challenging market conditions and intense competition, the group said it will continue its focus in product innovation and quality execution of its SAIL’22 strategy to deliver satisfactory performance in 2019.
Heineken Malaysia Bhd saw its net pro t boosted by a  fth to RM78.9 million in the third quarter ended September 30,
2018 (3QFY18) compared with RM65.9 million a year earlier. Revenue rose by 3.3% to RM512 million from RM495.5 million previously due to an increase in sales volume ahead of the implementation of Sales and Services Tax (SST) in September. Heineken Malaysia Managing Director Roland Bala said the company’s performance in the quarter re ected improved consumer sentiment in the market. The reintroduction of SST and subsequent price adjustments resulted in higher sales volume.
For the cumulative nine-month period, Heineken Malaysia’s net pro t grew by 3.5% to RM182.5 million from RM176.4 million a year ago, on the back of a 6.5% improvement in revenue to RM1.4 billion. The group steadily improved its
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