Latest News

Heineken profits slide as beer price hikes curb enthusiasm
Heineken profits slide as beer price hikes curb enthusiasm
Business and Economy
by  AFP

Dutch brewer Heineken on Monday lowered its earnings outlook for the full year after price hikes to counter soaring costs battered beer sales, pushing down profits in the first half. For the full year, it now expects a "stable to a mid-single-digit" operating profit growth on a like-for-like basis, after an 8.8 percent drop in the first half, to 1.9 billion euros.