Carlsberg Brewery Malaysia Bhd’s net profit for the second quarter ended June 30, 2010 surged 139% to RM30.8 million from RM12.9 million a year earlier, mainly due to higher domestic sales and profitability at its associate company.
Revenue rose 56.8% to RM334.2 million from RM213.1 million due to higher export sales and performances in hypermarkets and supermarkets locally and in Singapore.
Basic earnings per share (EPS) rose to 10.08 sen from 4.21 sen.
It declared an interim dividend of five sen per share less tax and an interim special dividend of 2.5 sen per share less tax.
For the six months to June 30, 2010, net profit doubled to RM68.7 million from RM34.3 million a year earlier, while revenue rose 42% to RM712.6 million from RM503 million. Net assets per share stood at RM1.77 as at June 30. The stock rose one sen to RMRM5.20 yesterday, with 188,000 shares traded.
This article appeared in The Edge Financial Daily, August 19, 2010.
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