Carlsberg Brewery Malaysia Bhd posted a first-quarter net profit of MR27.67m (US$7.28m), down 15% from the corresponding period a year earlier. The drop in profits was attributed to fierce price competition and increased marketing costs.

However, sales revenues climbed by 7.5% to MR274.7m. Carlsberg warned that uncertainties and tough economic conditions would “continue to adversely affect” beer consumption during 2003. The SARS outbreak had also affected on premise beer consumption, the company said.

Just Drinks Excellence Awards - Nominations Closed

Nominations are now closed for the Just Drinks Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
ROBOT Kombucha by Net Zero Foods has won the Innovation Award in the Probiotic Beverages category in the 2025 Just Drinks Excellence Awards. Discover how this AI-developed, 100% organic, low-sugar probiotic cola is reshaping gut-health drinks while championing bee-friendly, sustainable sourcing.

Discover the Impact