KUALA LUMPUR: Heineken Malaysia Bhd, which posted a 77% jump in net profit to RM95.84mil in the fourth quarter ended Dec 31, 2021 (4Q21), has declared a single tier final dividend of 66 sen per share.

       The brewery said the single tier dividend would be paid on July 28, 2022 to shareholders registered at the close of business on June 30, 2022.

       Heineken’s revenue in 4Q21 rose to RM692.33mil against RM519.01mil achieved in the year prior, driven by the easing of Covid-19 restrictions and earlier festive sell-in for Chinese New Year 2022.

       During the fourth quarter, price adjustment has been taken for certain products to compensate for rising input costs.

       For the full financial year ended Dec 31, 2021, Heineken posted a net profit of RM245.67mil, up 59.3% from RM154.19mil a year ago while revenue grew 12.3% to RM1.97bil against RM1.76bil.

       In a statement, managing director Roland Bala said: “As a progressive and responsible company, we continue to navigate the crisis while building a sustainable future. We are driven by our purpose of brewing the joy of true togetherness to inspire a better world.

       “Our courage to right-size our organisation and front-load our cost and value initiatives during the crisis has contributed significantly to our performance.

       “Despite having to stop our operations for 11 weeks in 2021, which is four more than the seven weeks we paused for in 2020, the team pulled together various strategic initiatives to unlock efficiencies to help us overcome the many challenges, enabling us to end the year with a commendable set of results.”

       Roland said the group would continue to navigate the challenging external environment by adapting to the new market reality, ensuring the safety of its people, keeping a tight rein on costs and staying focused on its strategy to accelerate our business recovery.

       “As the health and safety of our employees remained our top priority, the company participated in the Government’s vaccination programme to enable 100% of our brewery’s essential workforce vaccinated. The company continues to accelerate the booster dose amongst its employees,” he said.