PETALING JAYA: Heineken Malaysia Bhd has reported a satisfactory performance for its first quarter ended March 31, 2017 despite challenging market conditions compounded by economic pressures.
The group reported a marginally lower net profit of RM48.97mil for the quarter compared to RM50mil during the previous year’s corresponding period. Its revenue base declined by 12.5% to RM401.11mil from RM458mil a year ago, as Heineken’s business was impacted by soft consumer sentiment.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!