Printer Friendly

Heiny increases sales.

Heiny increases sales

Heineken N.V. recently announced net profits for 1989 rose 12 percent to $170.2 million from 1988's $152.2 per year earnings.

Sales at the Dutch brewer rose 7.5 percent to 4.09 billion from $3.91 billion. The company's per-share earnings gained 12 percent to $5.31 from $4.74.

Heineken's pretax operating profit rose 6.5 percent to $299.6 million for last year's $281.3 million. Although the company had higher sales because of good weather in Europe, lower profit margins places pressure on pre-tax operating profit.
COPYRIGHT 1990 Business Journals, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1990 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Heineken N.V.
Publication:Modern Brewery Age
Date:Mar 19, 1990
Previous Article:Perrier back on market.
Next Article:West German beer production rising.

Related Articles
Heineken N.V. pessimistic about its domestic growth, looks to overseas markets.
Heineken purchases French breweries.
Heineken N.V. reports increased profit 1st half.
Heineken N.V. bids on shares of DB Ltd.
Heineken posts 20% higher profit for 2000.
Heineken N.V. reports profit increase for 2001.
Heineken forecasts further growth in 2002.
Heineken posts solid numbers in 2002.
Sales v.p. Peter Dadzis resigns at Heineken USA.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters