Guinness Anchor Q1 net profit at RM47.3m

  • Business
  • Wednesday, 26 Nov 2008

KUALA LUMPUR: Guinness Anchor Bhd’s (GAB) net profit rose 9.8% to RM47.32mil in its first quarter ended Sept 30 from RM43.11mil a year ago.

Announcing the results on Wednesday, it said revenue rose 12.5%to RM365.8mil from RM325.2mil while earnings per share was 15.66 sen compared with 14.27 sen.

GAB, the leading brewer of Tiger, Guinness, Heineken and Anchor, said its share in the malt liquor market increased from 45.5% in 2001 to more than 57% on Sept 30. It also had more than 60% share of the industry’s profit pool.

GAB chairman Tan Sri Saw Huat Lye said: “We have built upon our position as Malaysia’s clear market leader and further reinforced our reputation within our brand owners’ global network of breweries.” GAB, the number one in both the beer and the stout market in Malaysia, said brand building exercises throughout the year enabled its brands like Tiger, Heineken and Anchor to all post double-digit growth and Guinness experienced a healthy single-digit growth.

GAB managing director Charles Ireland said the company’s growth over the last seven years was based on a three-pronged strategy of investing in people, brands and performance.

“We have grown despite the market being fairly flat over the period,” he said, adding the company had over the last year, enhanced the way we do business, giving special attention to these key areas, an approach which contributed greatly to our FY08 growth.

“Amongst other initiatives, we launched a trade initiative and a transparent pricing system for customers. Both these initiatives saved us close to 20,000 man-hours a month on administration.”

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