Heineken 1st Half Profit Fell; Beer Volumes Rose
July 29 2019 - 1:40AM
Dow Jones News
By Anthony Shevlin
Heineken NV (HEIA.AE) said Monday that net profit in the first
half fell but backed its guidance for operating profit to grow for
the full year.
For the six months ended June 30, the world's second-largest
brewer by sales made a profit of 936 million euros ($1.04 billion)
compared with EUR950 million the year prior.
Net profit before the application of IFRS accounting standards
was EUR1.05 billion.
Net revenue grew 5.6% on an organic basis to EUR11.45
billion.
Consolidated beer volume rose 3.1% organically and the Heineken
brand volume rose 6.9%.
Amsterdam-based Heineken backed its operating profit outlook for
the full year, which it sees growing by a mid-single digit on an
organic basis.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com;
@anthony_shevlin
(END) Dow Jones Newswires
July 29, 2019 01:25 ET (05:25 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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