Summary Box: Heineken 2011 Earnings Fall

Published February 15, 2012 4:45PM (EST)

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.

By Salon Staff

MORE FROM Salon Staff

Related Topics ------------------------------------------