Heineken H1 Net Profit Up 30%

Heineken NV HINKY posted a 30% rise in its net profit in the first half. Heineken's net profit for the period surged to 783 million euros ($970 million). Its profit before exceptional items climbed 1.6% to EUR705 million, versus analysts' estimates of EUR737 million. Its revenue gained 5% to EUR8.778 billion, while beer sales in the US gained 2.4%. Heineken shares gained 4.43% to close at $28.34 yesterday.