Carlsberg profit climbs 5%

Speaking at the group’s financial results briefing yesterday, managing director Stefano Clini said that the board had approved the continuation of the dividend policy targeting a 100% payout of the group’s consolidated net profit.

SHAH ALAM: Carlsberg Brewery Malaysia Bhd registered a net profit growth of 5% year-on-year to RM291.02mil for the financial year ended Dec 31,2019 (FY19), driven by higher sales from Malaysia and Singapore operations.

This was also backed by the successful relaunch of Carlsberg Danish Pilsner, premiumisation and innovation, as well as the RM16.3mil share of profits from Lion Brewery (Ceylon) PLC.