For the first half of the year (1HFY19), revenue increased by 21% to RM1.04 billion (1HFY18: RM855 million), and PBT grew by 13% to RM156 million (1HFY18: RM138 million). Organic revenue growth for 1HFY19 is 14% and for 2QFY19 at 15%, excluding the impact of the Sales and Services Tax. Revenue growth was mainly driven by robust sales performance for the festive period in the first quarter of 2019 and the continued growth of core brands in Q2.
The Board has declared a single tier interim dividend of 42 sen per stock unit for the financial year ending 31 December 2019 to be paid on 25 October 2019. The entitlement date for the dividend payment is 26 September 2019.
Roland Bala, Managing Director of HEINEKEN Malaysia said, “These results demonstrate our strengthened commitment in delivering world-class brands and experiences to our consumers through effective campaigns and promotions. Despite a challenging external environment, the results reflect the successful focus in growing our core brands and innovations that have scale.”