Heineken‘s profit up 11% in first half of 2002
For the first half of 2002 net profit on ordinary activities of Heineken N.V. rose by 11 percent (EUR32m), from EUR298 million to EUR 330 million, a statement by Heineken says.
First half year operating profit was 13 percent higher, up from EUR513 million to EUR581 million. Operating profit as a percentage of net turnover increased slightly to 11.7 percent. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by EUR101 million to EUR 842 million and rose as a percentage of net turnover from 16.6 percent in the first half of 2001 to 17.0 percent in the first half of 2002. Group beer volume rose 12 percent from 37.2 million hl to 41.5 million hl. Total sales of Heineken beer increased from 11 million hl to 11.4 million hl (4%). Sales of Amstel beer, at 5..
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