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Oct. 23, 2019, 2:20 a.m. EDT

Heineken nine-month profit rises 4.4%

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By Adria Calatayud


Heineken
Heineken's non-alcoholic beer.

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 /zigman2/quotes/205347870/delayed NL:HEIA +0.87%  , 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.

/zigman2/quotes/205347870/delayed
NL : Netherlands: Euronext Amsterdam
92.40
+0.80 +0.87%
Volume: 521,639
Nov. 14, 2019 3:00a
P/E Ratio
27.94
Dividend Yield
1.79%
Market Cap
€52.15 billion
Rev. per Employee
N/A
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