Dow Jones Newswires: Heineken nine-month profit rises 4.4% [MarketWatch]
HEINEKEN N V S/ADR (HEINY)
NASDAQ:AMEX Investor Relations:
theheinekencompany.com/investors
Company Research
Source: MarketWatch
Heineken nine-month profit rises 4.4% Heineken NV said Wednesday that net profit for the first nine months of 2019 rose 4.4%, and guided for organic operating growth of around 4% for the full year. The Amsterdam-based brewer HEIA, -2.30% , which also owns the Sol, Birra Moretti and Tiger beer brands, made a net profit of 1.67 billion euros ($1.86 billion) for the nine months to Sept. 30 compared with EUR1.60 billion in the year-earlier period. Consolidated beer volume rose 2.3% on an organic basis in the third quarter, as double-digit growth in Asia Pacific offset declining volumes in the Americas, Heineken said. Quarterly volumes of Heineken branded beer were up 7.4%, the company said. The world’s second-largest brewer had previously guided for mid-single-digit organic growth in operating profit in 2019.
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