Heineken Malaysia revenue down on weaker sales

Heineken Malaysia Bhd posted lower revenue for its second-quarter ended June 30 this year (2Q17), due to the soft market sentiment and presence of contraband, weighing down the group’s sales.

In an exchange filing, the alcoholic beverage producer and marketer — formerly listed as Guinness Anchor Bhd — said it posted RM406.58 million in turnover for the quarter, representing a 12% decline from the RM459.5 million in 2Q16.

The group also recorded RM61.58 million in earnings, or earnings per share of 20.38 sen.

It said the lower turnover incurred by the group was offset by the revenue growth from its premium brands, including Strongbow Apple Ciders and Guinness Bright.

Heineken Malaysia declared a 40 sen interim dividend for 2Q17, payable on Oct 9 this year.