Heineken sales, profit fall in H1

By AAP

Net profit was €631 million ($A946. 45 million), from €639 million in the same period a year ago. Sales were down 1. 4 per cent to €1. 2 billion, which Heineken, the largest brewer by sales within Europe, said was due to the strong euro.

Carlsberg said on Wednesday net profit grew slightly to 2. 2 billion kroner ($A42. 63 million), up from 2. 1 billion for the same period a year ago, on a modest revenue increase to 19. 2 billion kroner for the three-month period ending June 30 against 19. 06 billion kroner.

Chief Executive Jean-Franois van Boxmeer said on Wednesday the company's operations grew on a like-for-like basis in almost all regions in the first half but warned that growth in underlying profit and revenues would "moderate" in the second half.

Read more here: Business Spectator

    

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