Heineken NV Reports Second-Quarter Net Profit Decline

Heineken NV, a Dutch beverage company, has reported a decline in its second-quarter net profit. The company’s net profit fell 8.92% year-on-year to 82.99 million ringgit.

Reasons for Decline

Heineken Malaysia attributes the decline in sales to the ongoing economic uncertainty and the impact of tax and geopolitical factors.

Outlook for Future Quarters

Despite the decline, the company remains optimistic about the recovery of consumer sentiment in Malaysia. Heineken Malaysia is confident that the upcoming third and fourth quarters will see an increase in sales due to the rise in tourist numbers and government stimulus measures.

Dividend Announcement

Heineken Malaysia has announced a dividend of 40 sen per share, maintaining the same payout as last year.

Investment Strategy

The company will continue to invest in its core brands, innovation, and digital capabilities to drive growth and deepen its connection with consumers.