Every Step Counts, Every Meal Matters: Heineken Malaysia Pledges Free Meals To Vulnerable Communities
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THE Covid-19 pandemic has caused many companies to be in financial distress, forcing some to temporarily shut down factories and operations for at least two months from mid-March in 2020 and experiencing lower demand after that.
With numerous firms seeing a decline in earnings, and many falling into the red, one wonders how much Malaysia’s top brass were paid in 2020 versus the year before.
According to data compiled by The Edge, among the top 50 companies by market capitalisation, the heads of 15 firms took a pay cut, 13 saw a bump in their paycheques and only two those of Supermax Corp Bhd and Time dotcom Bhd had no change in pay.
posted a 30% jump in net profit to RM73.54mil for the first quarter ended March 31, 2021 (Q1FY21) from RM56.96mil a year earlier due to higher sales, easing of the movement control order (MCO) and cost savings measures.
In a filing with Bursa Malaysia, the group posted a 6% jump in revenue to RM547.74mil in Q1 compared to RM515.89mil previously.
“In comparison, the improved performance in Q1FY21 versus Q1FY20 is also attributed to the first MCO which required the group to fully suspend operations from March 18, 2020,” Heineken Malaysia said.
For the quarter under review, its earnings per share stood at 24.34 sen, higher than 18.86 sen a year ago.