Heineken Cheers Rise In Q3 Beer Sales

THE HAGUE, (APP - UrduPoint / Pakistan Point News - 26th Oct, 2016 ) - Dutch brewing giant Heineken toasted a 2.0 percent growth in global beer sales for the third quarter, boosted by a warm European summer and strong performances in Asia and Mexico.

But the world's number two brewer also reported a 30.2 percent drop in net profit for the first nine months to 1.24 billion Euros ($1.35 billion). Amsterdam-based Heineken stressed, however, that 2015 results included "the exceptional gain of 379 million euros" from the 1.

2 billion euro sale of its Mexican packaging arm Empaque in February 2015.

"Performance in the third quarter was robust despite strong comparatives in the Americas and Europe and a tough environment in Africa, the middle East and Eastern Europe," Heineken's chief executive Jean-Francois van Boxmeer said in a statement.

"Strong performance continued in key markets such as Vietnam and Mexico and Europe also showing further positive momentum," Van Boxmeer added.