Carlsberg Malaysia sales remain resilient amid inflationary headwinds

KUALA LUMPUR: Carlsberg Brewery Malaysia Bhd continues to face macroeconomic headwinds, although beer sales volumes could benefit from an improving industry outlook over the remainder of 2023.

The brewer announced its first-quarter performance yesterday, which showed a slight year-on-year (y-o-y) contraction in the bottomline due to higher marketing cost and a lower share of contribution from Lion Brewery (Ceylon) plc (LBCP) in Sri Lanka due to the devaluation of the country's rupee against the ringgit.