Carlsberg hopeful of better prospects in H2
KUALA LUMPUR: Carlsberg Brewery Malaysia Bhd is hopeful of better prospects in the second half of 2021, arising from the vaccination rollouts in Malaysia and Singapore that will help contain infections, lift market sentiment, and lead to a stronger economic recovery. Group managing director Stefano Clini (pic) said its outlook remains cautious due to the effects of the Covid-19 pandemic and government regulations, as well as measures that would likely cause on-trade sales and consumer sentiment to remain depressed. “We have put in place numerous measures to mitigate profit impact and preserve cash, We are even more disciplined in implementing our ‘Fund the Journey’ initiatives and optimising cost structures aggressively to reallocate investments into viable channels and extend various support to our business partners, ” he added after the group’s virtual AGM. Meanwhile, in his address in the group’s annual report 2020, chairman Datuk Toh Ah Wah said further prohibitions on the sale and availability of legitimate beers and stricter regulations on the food and beverage (F&B) industry would lead to an increase in illicit products, which would pose a threat to consumers’ well-being.
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