Heineken announces 16pc rise

PUBLISHED : Saturday, 14 March, 1998, 12:00am
UPDATED : Saturday, 14 March, 1998, 12:00am


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Amsterdam: Brewing giant Heineken reported a 16 per cent rise in net profit last year to 761 million guilders (about HK$2.85 billion). Heineken also announced it would dilute its shares with a bonus issue and a five-for-one split. The world's second largest brewer was upbeat for overall earnings this year and forecast an Asian revival in the medium term.