Historical Stock Chart
6 Months : From Jul 2019 to Jan 2020
By Adria Calatayud
Heineken NV (HEIA.AE) 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--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.
Write to Adria Calatayud at firstname.lastname@example.org
(END) Dow Jones Newswires
October 23, 2019 02:27 ET (06:27 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.