KLCI regains some lost ground at mid-morning
GE jitters may trump IMKL's Asean flavour
Bad market is good for business for Etika
Brahims to buy remaining 49% stake in Brahims-LSG sky Chefs for RM130m cash
Australia to seal trade deal with Malaysia
CIMB Research downgrades Telco sector to Neutral
Thai NESDB agency keeps 2012 GDP growth f'cast at 5.5%-6.5%
ECM Libra Research maintains Hold on Sunway, target price RM2.17
Categories
| Guinness 1Q net profit falls 43.5% |
| Business & Market 2009 | |||
| Written by Chong Jin Hun | |||
| Thursday, 26 November 2009 18:02 | |||
|
KUALA LUMPUR: Brewer Guinness Anchor Bhd's net profit declined 43.5% to RM26.75 million in the first quarter ended September 2009 (1Q2009) from RM47.32 million a year earlier due to less demand for its malt liquor beverages during the difficult economic conditions. The company's revenue fell 17.7% to RM300.97 million from RM365.8 million, the company told the exchange today. Guinness said it would continue to strengthen its brand equity, grow its market share, and improve operational efficiency to boost earnings. "Industry margin has tightened due to intense market competition," the company said in the statement.
|
|||
|
|