Heineken Banks on Asia for Growth as Tiger Beer Prospers
- Shares gain as brewer forecasts growth in sales and profit
- 2016 operating income up 9.9%, fastest rate in seven years
Heineken CFO Says She Is Positive About Their Footprint
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Heineken NV, the world’s second-largest brewer, forecast growth in sales and profit this year as customers in Vietnam and other Asia markets drink more Tiger beer.
The Dutch company made the forecast Wednesday as it reported its fastest earnings growth in seven years, driven by a 13 percent increase in Asian revenue. The stock rose as much as 4.6 percent in Amsterdam, the steepest intraday gain in more than a year.