heineken profits up despite bad beer season
Last Updated : GMT 11:50:41
Arab Today, arab today
Arab Today, arab today

Heineken profits up despite bad beer season

Arab Today, arab today

Arab Today, arab today Heineken profits up despite bad beer season

The Hague - AFP

Dutch brewer Heineken published a one percent climb in net profit for the third quarter Wednesday, saying strong sales in Africa and elsewhere offset the impact of poor summer weather in Europe. Net profit reached 525 million euros (U$731 million) in the July-September period, while sales grew slightly by 0.6 percent from last year to 4.65 billion euros, despite the disadvantage of a strong euro, the company said. Analysts surveyed by Dow Jones Newswires had expected sales of around 4.55 million euros. Heineken sold 56.9 million hectolitres of beer in the third quarter, an increase of 2.7 percent, with western Europe the only region to record a fall in volume. \"This primarily reflects the impact of unusually poor weather in July and early August across large parts of the region and ongoing economic uncertainty,\" resulting in a 1.7 percent drop in volumes in western Europe, Heineken said in a statement. \"However, beer volumes showed solid improvement in the latter part of the quarter as weather conditions became favourable,\" it added. Elsewhere, beer volumes grew by 4.9 percent in eastern Europe, driven by a \"strong volume rebound in Russia\", while in Africa and the Middle East, total volume grew by 10 percent, boosted by good results in Nigeria, Rwanda and the Democratic Republic of Congo. In Greece, the demand for beer was hampered by the government\'s austerity measures, leading to a single-digit decline, it said. The Dutch group stressed its outlook was on target for 2011 with operating profit \"broadly in line with last year\" at 1.445 billion euros. Heineken planned by the end of 2013 to have implemented savings of 150 million euros through synergies in distribution and administration after buying Mexican beer maker FEMSA. The deal was announced in January 2010 for 5.3 billion euros. Heineken was founded in the nineteenth century in Amsterdam and produces and sells over 200 brands of beer and cider. The group employes over 70,000 people worldwide.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

heineken profits up despite bad beer season heineken profits up despite bad beer season

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

heineken profits up despite bad beer season heineken profits up despite bad beer season

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Fedra happy for “Between Two Worlds” success

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday