Heineken Finds Global Growth HOT STOCKS
Heineken posted a 7.4 percent rise in first-half operating profit and better-than-expected sales despite higher grain and packaging costs, lifting its shares by 2 percent.
Africa and the Middle East delivered an underlying 23 percent jump in revenue. Heineken, which also brews Amstel and Tiger beer, was also buoyed by contributions from the assets of Scottish & Newcastle, the British company it bought in April.
First-half profit before special items rose to euro 925 million on sales of euro 6.4 billion, up 17 percent.
Originally published by Reuters.
(c) 2008 International Herald Tribune. Provided by ProQuest LLC. All rights Reserved.