GAB’s net profit up on higher sales volume

Essaadi: ‘We expect to maintain the momentum going forward by leveraging on Heineken’s strong global brands’ activation platforms.’

KUALA LUMPUR: Guinness Anchor Bhd’s (GAB) net profit climbed 28.9% year-on-year for the first full quarter since Heineken NV became its indirect majority shareholder in October last year.

In announcing its quarterly results to Bursa Malaysia, the malt liquor brewer said for the quarter ended March 31, its bottom line grew to RM50.85mil compared with a year earlier, spurred by higher sales, phasing of commercial spend and more effective commercial investment.