Heineken Malaysia managing director Martijn van Keulen.
KUALA LUMPUR: Heineken Malaysia Bhd
, which posted a 42.2% jump in net profit for the fourth quarter ended Dec 31 (4Q24), aims to sustain its growth momentum by enhancing commercial execution while staying agile in an evolving business environment.
“We will continue to future-proof our business through our EverGreen strategy, focusing on long-term resilience and efficiency through cost optimisation across the organisation,” managing director Martijn van Keulen said in a statement.
In 4Q24, Heineken’s net profit rose to RM140.8mil, or earnings per share of 46.63 sen compared with RM90.1mil, or 32.80 sen posted in the year-ago quarter.
Its revenue for the quarter rose 13% to RM823.1mil against RM728.6mil achieved last year.
For the full financial year ended Dec 31 (FY24), Heineken posted a record net profit of RM466.7mil, up 20.7% from RM386.8mil, while revenue grew 6% to RM2.8bil from RM2.6bil in FY23.
This marks the highest net profit recorded by the group, driven by strategic commercial initiatives, effective cost management, and a recovery in consumer confidence.
The board has proposed a final dividend of 115 sen per stock unit for FY24, pending shareholder approval at the 61st annual general meeting. Upon approval, the total FY24 dividend will be 155 sen per stock unit.
"We are proud to report growth in 2024. Recent macroeconomic developments show signs of stability, and we are optimistic about further improvement in consumer confidence. Nevertheless, we remain cautious, acknowledging the economic volatility and a challenging consumer landscape,” van Keulen said.
