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Strong growth for Heineken in 1H24

The Star LogoThe Star8h ago

Strong growth for Heineken in 1H24 - The Star

Quick Summary:

Heineken Malaysia Bhd, which saw year-on-year growth in its bottomline for the first half of 2024 (1H24), may see better margins in 2H24 following a tapering off of raw material prices.

Discussing the on-trade and off-trade demand, he noted that the first half of the year saw strong performance driven by the Chinese New Year campaigns, which boosted off-trade volumes as people celebrated at home.

Folkerts acknowledged a slight decrease in 2Q24 revenues compared to 1Q24, attributing part of this to the price increases implemented in April.“There is some impact from the price increase, which temporarily affected volume.


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Article Details

Author / Journalist: KIRENNESH NAIR

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 00:00:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 672 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21972995

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 86 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 40 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

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The story "Strong growth for Heineken in 1H24" was covered 8 hours ago by The Star, a news publisher based in Malaysia.

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  • News ID: #21972995
  • URL: https://beamstart.com/news/strong-growth-for-heineken-in-17230603855372

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