CARLSBG 2836 CARLSBERG BREWERY MALAYSIA BERHAD to hike prices from July 1, blames rising input costs
KUALA LUMPUR (June 2): Carlsberg Brewery Malaysia Bhd said it will increase the prices of some of its products from July 1 due to rising input costs.
In a document sighted by The Edge, Carlsberg said that despite its cost-mitigation efforts, the group had to “adjust” the prices of the products because of the increasing input costs worsened by the Russia-Ukraine conflict.
“We wish to inform you that due to the unprecedented escalation in input costs, which is further exacerbated by the Russia-Ukraine conflict, we have taken the decision to implement price adjustments for a selection of our products,” the brewer said.
The new prices for the group’s beer, stout and cider will take effect from July 1, said Carlsberg, adding that retail selling price remains at the sole discretion of the retailers.
“Despite our best efforts to mitigate this price adjustment with several cost control measures, including absorbing partial input costs, we are unable to sustain the increasing cost inflation,” said Carlsberg.
The brewer said it is cognizant that a price adjustment in the current tough environment is a challenge for all parties, and has therefore limited the price hike to selected brands and SKUs (stock-keeping units).
Shares in Carlsberg ended 20 sen or 0.89% higher at RM22.70, giving the group a market capitalisation of RM6.94 billion.
http://www.theedgemarkets.com/article/carlsberg-hike-prices-july-1-blames-rising-input-costs
Singapore Investment
-
-
-
-
-
-
-
-
-
-
Today’s Deal of the day – Dobin App3 hours ago
-
-
-
-
-
-
-
-
-
-
-
-
-
Thai Beverage – In Line As Margins Improve13 hours ago
-
Beware Of Scams20 hours ago
-
-
-
-
-
-
Buying a home for face1 day ago
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Finance Investment Movement 444 days ago
-
-
-
-
Going REITs Shopping Again5 days ago
-
-
Weekly Markets Outlook5 days ago
-
Market indeed coming down5 days ago
-
Cory Diary : Dividend Q1 '245 days ago
-
-
-
-
-
-
-
-
-
-
Banks and Miles Report – Mar 20241 week ago
-
-
Revisiting Bitcoin1 week ago
-
-
-
-
-
-
2024 (Portfolio Update)2 weeks ago
-
-
-
-
-
Retirement Journey Update for March 20242 weeks ago
-
-
-
1Q 2024 Investment Strategy Update2 weeks ago
-
-
Portfolio Summary for March 20242 weeks ago
-
Reasonable Dividend Yield 2024Q22 weeks ago
-
-
-
Portfolio (March 30, 2024)3 weeks ago
-
-
-
QAF #77 - 2023 Annual Report3 weeks ago
-
Lentor Hills Residences3 weeks ago
-
Burnt out!3 weeks ago
-
-
-
Feb 2024 Expenditure3 weeks ago
-
-
Starting Our Second Property Cycle4 weeks ago
-
-
Position Update4 weeks ago
-
-
-
-
-
-
-
-
-
Feb 2024 Portfolio1 month ago
-
-
Summary of February 20241 month ago
-
The Market Is A Scam!1 month ago
-
-
-
-
-
-
-
-
Options Trading Journal Jan 20242 months ago
-
-
-
-
-
-
-
-
End of 2023 Review3 months ago
-
-
Year 2023 DIYQuant Portfolio Performance Report3 months ago
-
Monthly Summary of November 20234 months ago
-
3 Simple Poker Strategies for Beginners4 months ago
-
Migration of website4 months ago
-
-
Abandon REITS?4 months ago
-
-
-
-
-
-
-
-
-
August 2023 Portfolio Updates7 months ago
-
-
-
-
Hello SP Group, I'm Back!9 months ago
-
-
-
-
A New Light11 months ago
-
-
-
-
-
-
-
Demoralized1 year ago
-
2022 Thoughts, Hello 2023!1 year ago
-
Series of Defaults for Maple Finance1 year ago
-
Takeaways from “Sea Change”1 year ago
-
-
Greed is Coming Back1 year ago
-
-
-
-
-
-
-
-
-
-
-
What is Overemployment1 year ago
-
-
-
-
-
-
-
-
-
-
-
Home
CARLSBG
CARLSBG 2836 CARLSBERG BREWERY MALAYSIA BERHAD to hike prices from July 1, blames rising input costs