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Heineken chairman warns against high expectations.

Gerard van Schaik, chairman of Heineken NV, said the company's markets remain under pressure and warned of "too high expectations as regards to short term profits."

The company declined to make a specific forecast for 1993. Heineken also disclosed in its 1992 annual report that its pretax operating profit was flat last year at 733.2 million guilders, compared with 729.9 million guilders last year.

As reported, the company said in March that its net profit rose 27 percent in 1992 to 564 million guilders, buoyed by a one-time gain on a land sale.
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Title Annotation:Heineken N.V.
Publication:Modern Brewery Age
Date:Apr 19, 1993
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