E-Malt.com News article: 469

Dutch brewing group, Heineken, has confirmed that it is forecasting full-year net profit growth of 11%, on a par with growth in the first half. "We stated a (full-year) profit growth expectation at the first-half earnings release. That still stands," said Heineken spokesperson, Manel Vrijenhoek.

Following the announcement, Heineken's shares rose by 1.9% to €35.95. Heineken registered first-half net profit from ordinary activities of €330m, 11% up on the first six months of the previous year. When it reported its half-year results in September, the brewer said it was anticipating 11% net profit growth for the full year.


23 December, 2002