Monday, April 21, 2014   

Tiger and Heineken brands lift brewer’s volumes to new highs in China, but earnings plunge
(02-12 16:54)

Dutch brewer Heineken said today beer volume in China exceeded 1 million hectolitres in the past year, as it reported that 2013 net profit had more than halved to 1.36 billion euros compared with the previous year – when an acquisition lifted its bottom line.
One hectoliter is equivalent to 100 liters.
The 2013 result was 53 percent lower than for 2012, when the company's profit grew by 1.4 billion euros because of its purchase of Asia Pacific Breweries.
Heineken's revenues for 2013 showed a slight rise of 1.3 percent, to 21.25 billion euros.
The brewer said volume in the international premium segment declined by 1.8 percent in 2013 against comparable growth of 5.3 percent the previous year. This reflects lower volume in the key markets of US, Vietnam and France.
The Tiger brand grew by 30 percent with gains across nearly all markets and particularly strong performances in Vietnam, Malaysia and China, Heineken said.
Volume in China grew in the low-single digits with continued strong growth of the Tiger and Heineken brands in the international premium segment partly offset by lower volume of the mainstream Anchor brand.
Heineken’s brand portfolio includes Amstel, Anchor, Biere Larue, Bintang, Birra Moretti, Cruzcampo, Desperados, Dos Equis, Foster's, Newcastle Brown Ale, Ochota, Primus, Sagres, Sol, Star, Strongbow, Tecate, Tiger and Zywiec.—The Standard/AFP

   
Other Business breaking news:
Amazon hit by strikes in Germany (04-17 17:07)
Hang Seng, Shanghai rise (04-17 16:58)
Flat open for European markets (04-17 15:48)
Nikkei gives up early gains (04-17 15:43)
China eases with reserve cut for rural banks: report (04-17 15:42)
Hang Seng inches up at mid-day (04-17 12:13)
Sony's PlayStation 4 sales top 7 million (04-17 12:06)
Weibo IPO priced at lower end: report (04-17 11:34)
Nikkei down by break (04-17 11:16)
Exports boost Italy's trade surplus (04-16 18:42)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.