Sign up to The Irish Times Archive (1859 - 2008)My Account »
Thu 08 Aug 2010Heineken's first-half net profit increases
HEINEKEN REPORTED a jump in first-half net profit despite declining beer volumes and a warning that high unemployment and austerity measures in Europe and the US made it cautious about predicting beer consumption.
The group, the world’s number three brewer by volume, said net profit before exceptional items rose to €621 million in the first six months of the year, an increase of 29 per cent, or 17 per cent on an “organic” basis, which strips out currency fluctuations, consolidation changes and other variables.
Choose a Subscription type - required
