Wednesday, February 24, 2010

Carlsberg Declares a Better Dividend

Carlsberg just declared a Final Dividend of 7.5 Sen and Special Dividend of 10.5 Sen, total up to 18sen for it 4Q result. Financial year end net profit of 75m almost on par with its previous year. Not a bad start for 2010. The 18sen dividend will represent a 4% dividend yield base on current price at RM4.56.
Expected to have a better earning coming Q in 2010 when Carlsberg (S) is able to contribute at least 50% of revenue to Carlsberg (M) after the acquisition. Furthermore a proposal to Purchase the Companys Own Shares of up to 10% of its issued and fully paid-up share capital. Thus, i believe we should have a better year to come for 2010.


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