Skip to main content
Advertising

Originally published Tuesday, August 21, 2012 at 11:57 PM

  • Share:
           
  • Comments (0)
  • Print

Asset sale helps Heineken 1H profit

Heineken NV says first half profits rose thanks to the sale of a brewery in the Dominican Republic, as higher costs ate into operating profits - but the Dutch brewer continued to grow sales and market share.

The Associated Press

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

AMSTERDAM —

Heineken NV says first half profits rose thanks to the sale of a brewery in the Dominican Republic, as higher costs ate into operating profits - but the Dutch brewer continued to grow sales and market share.

Heineken, which reports earnings twice a year, said net profit was (EURO)783 million ($976 million), up from (EURO)605 million in the same period a year ago, assisted by the (EURO)131 million gain from the sale of the brewery. Sales rose 5 percent to (EURO)8.78 billion, which Heineken said was due to a mix of volume growth, higher selling prices and acquisitions.

Chief Executive Jean-François van Boxmeer said Heineken is "looking forward" to integrating Tiger beer owner Asian Pacific Breweries, though a struggle for control over the company is ongoing.

News where, when and how you want it

Email Icon


Advertising