Business

Heineken sales and profits inch higher

Heineken bottles
Image caption Weak sales in Europe as a result of poor weather was offset by strong trade in Africa and Russia

Dutch brewer Heineken has reported slightly higher third-quarter profits as rising sales in Africa and Russia offset weaker trade in Europe.

Net profits for the July-to-September period were 525m euros ($731m; £457m), with sales up 0.6% to 4.6bn euros.

Poor weather in July and early August had hit sales in Europe, although they recovered later in the quarter.

Like-for-like beer volumes grew in Africa and the Middle East by 10% and in Eastern Europe by nearly 5%.

The rise in Eastern Europe was helped by a "strong volume rebound in Russia", Heineken said.

The brewer said it was on target for an operating profit for 2011 "in line with last year".

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