Summary Box: Heineken 2011 Earnings Fall
February 15, 2012 9:45PM (UTC)
RISING EXPENSES: Heineken NV, Europe's largest brewer by sales, reported a fall in profits in 2011 due to rising costs, though a thirst for its beer in developing markets kept revenue buoyant.
THE DETAILS: The company said Wednesday that net profit over the year fell 1.4 percent to €1.43 billion ($1.88 billion), hit by restructuring costs, higher commodity and labor costs, and higher taxes.
GROWING SALES: Revenue grew 6.2 percent, boosted by the acquisition in April 2010 of Mexican brands including Sol, Dos Equis and Tecate.
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