Heineken’s bottom line 30% up

Heineken managing director Roland Bala said the company’s commendable performance in the third quarter reflected its strong execution of commercial priorities and operational efficiencies in a challenging environment.

PETALING JAYA: Heineken Malaysia Bhd’s net profit for its third quarter ended Sept 30 rose more than 30% to RM103.30mil from RM78.87mil in the previous corresponding period, on the back of revenue growth and improved cost efficiency, as well as the timing of commercial spend for new product launches executed during the quarter.

In a filing with Bursa Malaysia, the company said revenue in the quarter increased to RM602.53mil from RM512.01mil a year earlier, mainly driven by an improved sales performance across all core brands and new product launches.