Business

Guinness Anchor rewards shareholders

The latest dividend declaration means GAB is paying a total of 50 sen for the last financial year.

Syndicated News
Written by Syndicated News

By Othman Abu Bakar

KUALA LUMPUR – April 12, 2016: Despite operating in a continually challenging external environment, Guinness Anchor Berhad (GAB) has managed to record an encouraging result for the first nine months to 31 March by posting a pre-tax profit of RM272 million against RM227 million previously.

And to commemorate the company’s 50th Anniversary, GAB declared a single tier special dividend of 30 sen for the quarter, on top of the single tier interim dividend of 20 sen per unit earlier.

In a filing with Bursa Malaysia today, GAB said it employed effective strategies and increasing business efficiency during the nine-month period, resulting in revenue to grow 2.8 per cent to RM1.4 billion.

For the three-month period to March 31, the company posted a higher revenue of RM459 million from RM437 million a year ago. Earnings per share increased from 13.06 sen to 16.83 sen.

“Our performance continues to show solid growth, credited to GAB’s effective long-term strategies targeting tailored core brands’ activation platforms, product innovation, and operational efficiencies.

“The festive Chinese New Year period also contributed to higher sales volume. We expect to maintain the momentum going forward by leveraging on Heineken’s strong global brands’ activation platforms, and supported by an efficient global supply chain which opens opportunities for cost savings through more strategic procurement,” said managing director Hans Essaadi.

He, however, said the recent increase in excise duties for alcohol products effective last March 1 and subdued Malaysian consumer sentiment forced the company to continue to operate in a challenging environment.

In the last nine months, GAB launched four new variants — Tiger White, Smirnoff Ice Black and limited edition offerings, Tiger Radler Mandarin Orange and Strongbow Red Berries. A new limited edition packaging, Heineken Spectre, was also introduced as part of the marketing strategy.

 

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