FILE PHOTO: Heineken Malaysia managing director Roland Bala KUALA LUMPUR: Heineken Malaysia Bhd said its full year net profit was halved due to the Covid-19 and expects the pandemic uncertainties to impact the speed of its business recovery. The beer company posted a net profit of RM54mil in the last quarter ended Dec 31, down from RM91mil a year ago. Earnings for the full year was RM154mil, or 51 sen a share. The company has proposed a first and final dividend of 51 sen share.
“2020 was indeed a very challenging year," managing director Roland Bala said in a statement. "For the first time in our history, we had to suspend production and business operations for an extended period following the Government’s MCO," he added. On his outlook for 2021, Roland Bala said the Covid-19 pandemic and perpetual lockdowns with restrictions on social activities are expected to continue impacting the group's business. "The Group will front load our agenda to implement continuous productivity improvements to drive efficiency in 2021," he said.
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