.carlsberg records higher profits as drinkers return
Profits also rose in tandem with the increased revenue. The brewery attributed the significant growth in both the top line and bottom line for the financial year 2022 to the undisrupted operations in Malaysia.The Malaysian market led the rebound with a 43% increase in revenue to RM1.7 billion while in Singapore it was up 21.2% to RM679.9 million. Carlsberg did not include the revenue and profit data for Sri Lanka in its announcement today. Profits from operations also rose – it was up 77.
But, on an annualised basis, it rose to 103.70 sen from 65.74 sen the year before.Carlsberg said the 29% growth in its mainstream market was contributed by its limited-edition packaging for the Chinese New Year and Harvest Festival promotions as well as its football campaigns. The company has a 30-year partnership with the Liverpool football club. In the premium market, sales was up 32%, helped by the introduction of a better mix and launch of the new variant Somersby Passion Fruit & Orange.
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