Heineken Malaysia Bhd.MYX: HEIM

HEIM: 1H FY2024 profit rose 7% on 4% revenue growth, but outlook cautious amid economic headwinds

· Issued by Heineken Malaysia Bhd.

Revenue and net profit grew 4% and 7% year-over-year in 1H FY2024, driven by cost management amid macroeconomic headwinds. Q2 saw a slight revenue dip, but profit improved. Outlook remains cautious due to inflation, weak consumer sentiment, and geopolitical risks.

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