Carlsberg expects RM30mil profit hit in FY24 after Asahi agreement non-renewal

KUALA LUMPUR: Carlsberg Brewery Malaysia Bhd said the non-renewal of the Asahi Agreements is expected to reduce annual net profits by approximately RM30mil for the financial year ending on Dec 31, 2024 (FY24).

In June 2023, Carleberg announced the non-renewal of its distribution agreement with Asahi Group Holdings Ltd. Both parties have mutually agreed not to renew the said agreement and the exclusive distribution of the Asahi brand or trademark in Malaysia will expire on Dec 31, 2023.