Heineken 1Q profit jumps 54% to RM113.4mil

KUALA LUMPUR: Heineken Malaysia Bhd’s net profit jumped 54.2% to RM113.38mil in the first quarter ended March 31 from RM73.53mil a year ago, driven by revenue growth.

The brewer’s revenue grew by 27% to RM698.33mil as compared to RM547.73mil in the same quarter in 2021, mainly due to higher sales driven by easing of Covid-19 restrictions and effective commercial execution during Chinese New Year.