Salem Radio Network News Sunday, September 26, 2021

Business

Heineken profit beats expectations, but warns of rising costs

BRUSSELS (Reuters) – Heineken, the world’s second-largest brewer, reported first-half earnings above expectations on Monday, but warned of weakness in the rest of the year as costs eat into margins.

The maker of Europe’s top-selling lager Heineken, Tiger and Sol, said operating profit before one-offs doubled to 1.63 billion euros ($1.93 billion), compared with the average forecast in a company-compiled poll of 1.22 billion euros.

($1 = 0.8427 euros)

(Reporting by Philip Blenkinsop; Editing by Christian Schmollinger)

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