Heineken to focus on right-sizing measures


Nevertheless, this was partially mitigated by cost-saving measures, said managing director Roland Bala.(pic)

PETALING JAYA: Heineken Malaysia Bhd’s net profit for its fourth quarter ended Dec 31,2020, dropped to RM54.17mil from RM91.17mil in the previous corresponding period.

This is due to lower revenue and a one-off provision of RM14mil in December for costs associated with the organisational restructuring exercise being implemented in 2021.

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Heineken , Roland Bala , MCO , cut , cost , operating margins ,

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