Carlsberg confident of growth despite soft consumer sentiments

PETALING JAYA: Carlsberg Brewery Malaysia Bhd believes there are still growth prospects despite softer consumer sentiments in Malaysia and Singapore.
Its Managing Director, Lars Lehmann, expects the market to be flat in terms of volume but believes that it's revenue generators which is its premium range and Carlsberg Smooth Draught, in the mainstream range, will bolster growth in terms of revenue.
Carlsberg's Sri Lankan unit, Lion Brewery (Ceylon) PLC, which has not been in operations for several months due to floods, is on the road to recovery and is expected to be back on its feet and profitable in the second quarter of this year.
It registered a net profit of RM204.98 million for the financial year ended Dec 31, 2016, on RM1.68 billion revenue.