Heineken's 2013 net profit halves

Dutch brewer Heineken's 2013 net profit has more than halved to 1.36 billion euros ($A2.05 billion) compared to the previous year.

Dutch brewer Heineken has announced its 2013 net profit more than halved to 1.36 billion euros ($A2.05 billion) compared to the previous year - when an acquisition gave an exceptional bump to its bottom line.

The 2013 result was 53 per cent lower than for 2012, when the company's profit spiked 1.4 billion euros because of its purchase of Asia Pacific Breweries.

Heineken's revenues for 2013 showed a slight rise of 1.3 per cent, to 21.25 billion euros.


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Source: AAP


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