Heineken Malaysia Bhd registered a net loss of RM18.2 million for the second quarter ended June 30, compared to a net profit of RM65.7 million reported for the previous corresponding quarter due to the decline in revenue, leading to a significant reduction in gross profit contributions, which was insufficient to offset fixed overheads.
Heineken did not propose a dividend, as it has adopted a more prudent approach, but will reevaluate the situation at the end of the financial year. Heineken’s managing director, Roland Bala said that while the Covid-19 pandemic and the MCO have had a significant impact on its industry and business, in navigating the crisis, the group’s key priorities remain on the health and safety of its people, adapting the business to the new landscape and also prudent cost control to preserve cash.
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