Friday, July 11, 2014

Asset sale helps Heineken 1H profit

February 16. 2013 6:21PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle

(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

comments powered by Disqus Commenting Guidelines
Mortgage Minute

Search for New & Used Cars

Used New All

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals

Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds