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Name | Symbol | Market | Type |
---|---|---|---|
Heineken Nv (QX) | USOTC:HEINY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.22 | 0.45% | 48.71 | 48.71 | 49.18 | 48.88 | 48.62 | 48.85 | 39,973 | 21:00:29 |
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 adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
October 23, 2019 02:27 ET (06:27 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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