KUALA LUMPUR: Brewer Heineken Malaysia Bhd made a net profit of RM25.2mil in the second quarter, but warned that the 11-week business halt and the prolonged restrictions imposed on F&B outlets will impact its performance. The Full MCO (FMCO) imposed by the government on June 1 then resulted in the full suspension of brewery operations until the restrictions were eased effective Aug 16. "This has impeded the Group’s ability to conduct its normal business operations," he added. Heineken returned to the black in the three-month ended June 30 compared to a loss of RM18.2mil a year ago. "Despite the negative impact from the full MCO and continued market uncertainties, we will continue our initiatives to right-size the organisation and cost base to drive productivity and efficiency across the organisation," Bala said.

Source: The Star August 25, 2021 10:07 UTC