As per our announcement on 7 April 2020, the suspension of operations of Sungei Way Brewery remains, and we continue to engage with the Government on the matter of resuming limited operations with minimal number of essential staff as and when this is possible.
HEINEKEN Malaysia’s Management is mobilised to enable the Company to face this crisis in the best possible way and to protect the long term potential of its brands and businesses.
The Group has a strong balance sheet and Management is focusing on efforts to mitigate the impact to our business, on efficiencies and protecting cash flow. Management has identified and is implementing mitigating actions to manage costs and to reduce the effect of suspended operations of the brewery on the financial results.
The lack of visibility on the end date of the Covid-19 pandemic means that it is impossible for us to estimate the financial impact of this at this stage.
The Company will provide more information on its mitigating actions in its 2020 first quarter financial report which is scheduled for release in May 2020.