Carlsberg growth intact

CGSI Research said it will raise its core net profit estimates for FY24, FY25 and FY26 by 0.6%, 2.2% and 1.7%, respectively.

PETALING JAYA: Carlsberg Brewery Malaysia Bhd is on an upward trajectory as the worst is likely over for breweries in the country.

CGS International (CGSI) Research in a report said cumulatively, the industry volumes have turned positive, as the first half of 2024 registered an industry revenue growth of 5.1% year-on-year above the 5% price increase that went into effect in April this year.