Commenting on the results, Roland Bala, Managing Director of HEINEKEN Malaysia said, “The Covid-19 pandemic coupled with the nationwide MCO have had a significant impact on our industry and business. In navigating the crisis, our key priorities remain the focus on the health and safety of our people, adapting the business to the new landscape and also prudent cost control to preserve cash. Following the prolonged closure of our operations for approximately 46 days to comply with the MCO, our results in the second quarter were significantly impacted. Nevertheless, as a team, we are working hard on recovery together with our customers, distributors and trade partners.”
For the six months ended 30 June 2020, Group revenue declined by 26% as compared to the same period in 2019, mainly due to the 22% decline in beer volume, heavily impacted by the prolonged suspension of our brewery operations from 18 March 2020 until 3 May 2020 to comply with the MCO. Profit before tax decreased by 67%, versus the same period in 2019, principally due to the same reasons mentioned above.