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| Heineken’s profits fall by £83m |
| Amsterdam, 24.08.2011 |
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| Heineken NV, Europe’s largest seller of beer, has said first half earnings were down from the same period a year ago, when it booked a one-off gain, and it expects flat full-year earnings.
Net profit in the first half of 2011 was 605 million euros (£528 million), down from 700 million euros (£611 million) in the same period a year ago, when Heineken reported proceeds of 157 million euros (£137 million) from the sale of its Indonesian subsidiary.
Sales rose 11% to 8.36 billion euros (£7.3 billion), mostly due to the acquisition of brands including Dos Equis and Tecate. The company said comparable sales rose 3.3%.
The family-controlled company said commodity costs, high unemployment and weak consumer confidence will remain a drag on its business in Europe and the United States, offset by growth in emerging markets
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Address : Euro-Brew Ltd., Hlboká 22, 917 01 Trnava, Slovakia
Tel. : +421 33 53 418 53, Fax : +421 33 53 418 52, E-mail : info@eurobrew.sk |
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