LONDON: Heineken NV reported beer shipments that rose at more than double the rate analysts expected thanks to growth across Asia and Latin America, sending the shares up as much as 4.6%.
Beer volume rose 7%, the world’s third-biggest brewer said in a statement. Analysts expected 2.4% growth. The figure excludes the impact of acquisitions, disposals and currency swings. Profit fell 54% to 265 million euros (US$301mil) due to a 379 million-euro capital gain last year from the sale of a Mexican packaging unit. The shares rose 3.2% as of 9:08am in Amsterdam, having touched a record 86.95 euros.
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