Kuala Lumpur, 21 August 2019 – Heineken Malaysia Berhad (Heineken Malaysia) today announced its financial results for the second quarter ended 30 June 2019 (2QFY19), reporting solid double-digit growth in revenue, profit before tax (PBT), and net profit compared to the same period last year.
Revenue for the quarter grew 22% to RM 513 million mainly attributed to higher sales volume driven by all core brands. Profit before tax rose 16% to RM85 million on the back of revenue growth, partially impacted by higher commercial spend including the preparation for new product launches planned for the third quarter ending 30 September 2019.
The Board has declared a single-tier interim dividend of 42 sen per stock unit for the financial year ending 31 December 2019 to be paid on 25 October 2019. The entitlement date for the dividend payment is 26 September 2019.
The good efforts by the Royal Malaysian Customs and other law enforcement agencies have contributed to the decline of the illicit and duty not paid market.
The Group will continue to support the Government’s initiatives aimed at eradicating illicit alcohol and raise awareness of the matter through proactive engagements with relevant enforcement authorities, trade partners and consumers.
“We are excited to have launched Tiger Crystal, a winning brew that will cater to a growing demand for refreshing, easy-to-drink, and less bitter beer. We are also delighted to have launched Heineken® 0.0 in Malaysia, providing a choice for beer drinkers who enjoy the taste of beer but not necessarily the effects of alcohol”
Roland Bala, Managing Director of Heineken Malaysia
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