Heineken's profits rose by one fifth in the first quarter

By: trademagazin Date: 2011. 04. 20. 12:58

Dutch Heineken has increased the group's turnover and profits in the first quarter, thanks to the strengthening of the African, Asian and European markets – the company said on Wednesday.

The world's third largest beer brewery''s EBIT (profit before tax and interest payment) without corporate acquisitions increased by 20 percent on a year to year comparision in the period from January to March.

The company's turnover increased to 3.6 billion euros, from previous year's 2.9 billion euros. Analysts expected a turnover of 3.53 billion euros – reports MTI.

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