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Heineken Malaysia's Profit Plunges 39% in Q2

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Heineken Malaysia's (KLSE:HEIM) reported profit attributable to owners of 50.5 million ringgit in the second quarter, down 39% from 83 million ringgit a year earlier.

Earnings per share dropped to 0.167 ringgit from 0.275 ringgit a year prior, according to a Thursday Malaysian bourse filing.

Revenue fell 19% to 434.7 million ringgit from 539.7 million ringgit a year ago, the Malaysian arm of Dutch brewing giant Heineken said.

The company proposed a single-tier final dividend of 1.12 ringgit per share for the year ended Dec. 31.

The board declared a single-tier interim dividend of 0.40 ringgit per share for the financial year ending Dec. 31, 2026, payable on Oct. 14.

Shares of the brewer were down nearly 7% in recent trading.

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