Profit up so much only declaring 10sen dividend. :(
KUALA LUMPUR: GUINNESS ANCHOR BHD’s earnings rose 47% to RM64.63 million in the second quarter ended Dec 31, 2011 from RM43.83 million a year ago as it sold more of its Tiger beer.
It said on Friday, Jan 28 that revenue rose 11% to RM421.41 million from RM378.13 million. Earnings per share were 21.40 sen compared with 14.51 sen. It declared a dividend of 10 sen a share.
Elaborating on the results, managing director Charles Ireland said: “The group’s performance is clearly reflective of the ever-increasing number of consumers choosing our brands and retailers choosing to work with GAB”.
He said the company’s investments in marketing and trade initiatives had successfully expanded their brand equity and market presence.
With brands Tiger, Guinness, Heineken, Anchor and Kilkenny under the company, he said Tiger was their biggest brand and “is growing very rapidly, well into the double digit growth rate”.
“We have been successful in combining our portfolio so that our brands neutrally enforce each other, like team players,” he said.
Ireland stated that their strengths came from the high-quality, successful marketing campaigns and the large scale of their programmes. For this year, he said the company had allocated more than RM50 million as capital expenditure.
On the prospects for the second half of the financial year ending June 30, 2011, he said GAB would “continue its robust performance”.
“I think we will sustain our momentum in the second half of the (financial) year. I think that on the half versus half basis there was a bit of a distortion with the timing of Chinese New Year… but it will still grow year-on-year,” he added.