By Angela Green, Content Executive, H&C News: Heineken increase operating profits by 20%.
Dutch brewer Heineken has reported profits well ahead of expectations from increasing its drinks prices by 8.9% and at the same time issued a warning that prices will continue to rise through the rest of the year.
In the six months to July Heineken reported a year-on-year increase in revenue of 37% to €16.4 billion.
Post pandemic trading conditions saw customers back in pubs and bars with volume of drinks sold up 0.8% compared with the same period in 2019. This helped operating profits rise by 20.6% to €2.1 billion, exceeding city forecasts.
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