Carlsberg Brewery Malaysia reports 37% decline in Q3 net earnings to 38.4M ringgits; revenue falls 14.3% to 352.1M ringgits
December 6, 2013 (The Star) – Carlsberg Brewery Malaysia Bhd recorded 37% decline to Ringgit 38.44 M in its net profit for 3Q 2013. Revenues also decreased by 14.3% to Ringgit 352.12 M. However, the company remains optimistic and considers itself as the fastest growing beer company in the country. The stock rationalization, which started in 2Q 2013, in Singapore and the trade stocking up in Malaysia in Oct 2013 were cited as the reasons for the company's poor performance. Original Source: The Star, http://thestar.com.my/, Copyright Star Publications (M) Bhd 2013.