Beer heavyweight Carlsberg Malaysia has decided to persist with its portfolio premiumisation strategy and a new Sapporo partnership despite concerns over ‘weak’ consumer sentiment and diminished profitability in the third quarter of 2023.
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).
Carlsberg Malaysia reports revenue of RM513m, net profit of RM76m in Q3FY23 thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.
Carlsberg Brewery Malaysia Bhd will continue to invest and grow its portfolio of brands while staying focused and vigilant on both its revenue management and cost-optimisation initiatives.
Beer is the source of both bane and blessing as it leads to bloat, shaky decision making and head throbbing but can also allegedly save your life during a heat wave. In celebration of suds, we have matched a zodiac sign to the beer that best embodies, or imbibes it.