Heineken’s 2013 net profit halves compared to 2012 spike

February 12, 2014
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Bottles of Heineken/AFP
Bottles of Heineken/AFP

, THE HAGUE, February 12- Dutch brewer Heineken announced its 2013 net profit had more than halved to 1.36 billion euros ($1.85 billion) compared to the previous year when an acquisition gave an exceptional bump to its bottom line.

The 2013 result was 53 percent 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 percent, to 21.25 billion euros.

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