Last updated: February 16. 2013 6:21PM - 84 Views

Story Tools:

Font Size:

Social Media:

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

Chief Executive Jean-Franois 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.

Associated Press
All user comments are subject to our Terms of Service. Users may flag inappropriate comments.
comments powered by Disqus

Featured Businesses


Info Minute

Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com