// IP Marketing video - START// IP Marketing video - END

Heineken reports sales, earnings jump

Heineken reports sales, earnings jump

PanARMENIAN.Net - Dutch brewer Heineken NV says both sales and earnings rose in the first quarter, due to a combination of growth and one-time gains.

According to The Associated Press, net profit was 25 percent higher at €175 million ($230 million), from €151 million in the same period a year ago, but included a €20 million gain on a stake in a Haitian company reappraised at a higher value. Sales rose 6.8 percent to €3.83 billion, 3.5 percent of that due to higher volumes and 3.3 percent due to higher prices.

The family-controlled company, which only issues a full earnings report twice annually, said Wednesday, April 18 it expects to benefit in 2012 from growth in Africa, Asia and Latin America, and from cost-cutting - notably employees - in developed markets.

The company is expecting raw material costs to rise 6 percent.

 Top stories
“The two sides are currently preparing the required infrastructure for boosting natural gas exchange,” NIGEC chief Alireza Kameli said.
Sargsyan said fingerprints of some 1.5 million potential voters will have to be collected which requires a lot of work.
The country’s foreign trade turnover increased by 6.8% in January – May, compared with figures registered in the same period in 2015.
Foreign trade turnover amounted to $1.46 billion in the first four months of 2016, growing by 4,2% against the same period in 2016.
Partner news