More revenue, less net profit for Heineken
Heineken had a revenue rise in the first half of 2016, but net profit almost halved compared with the same period last year, the Dutch brewer announced. Revenue increased from 9.896 billion euros ($11.05 billion) in the first half of 2015 to 10.094 billion euros in the first six months of 2016, a growth of 4.7 percent organically with revenue per hectoliter up 0.8 percent. Net profit went down from 1.144 billion euros in the first half of 2015 to 586 million euros in the first half of 2016. The net profit before exceptional items and amortization grew from 915 million euros in H1 2015 to 977 million euros in the first half of this year.