SELECT LANGUAGE BELOW

Heineken blames gloomy beer sales on rainy weather during Euro soccer championship

Shares in Dutch brewer Heineken fell nearly 10 percent on Monday after hopes of a boost in beer sales from sports failed to materialize and the company took a roughly $1 billion write-down on its China investments. The Dutch manufacturer of Europe’s top-selling large vehicles raised its full-year operating profit forecast, but some analysts said […]

Heineken shares fall 7% after first-half profit miss – CNBC

Operating profit showed organic growth of 12.5%, below the company’s consensus estimate of 13.2%. Beer sales were expected to grow 3.4% but actually increased just 2.1%. Heineken slumped to a net loss of 95 million euros ($103 million), mainly due to a non-cash impairment on its 874 million euro investment in Chinese brewer CR Beer. […]

Heineken shares fall 7% after first-half profit miss – CNBC

Operating profit showed organic growth of 12.5%, below the company’s consensus estimate of 13.2%. Beer sales were expected to grow 3.4% but actually increased just 2.1%. Heineken slumped to a net loss of 95 million euros ($103 million), mainly due to a non-cash impairment on its 874 million euro investment in Chinese brewer CR Beer. […]