Heineken's beer shipments beat analysts' estimates of growth in Asia

London

HEINEKEN NV, the world's second-largest brewer, reported third-quarter shipments that beat analysts' estimates as the Tiger brand in Vietnam helped drive growth in Asia.

Volume increased 2 per cent on an organic basis, led by a 15 per cent gain in the Asia-Pacific region, the Amsterdam-based company said in a statement on Wednesday. Analysts expected 1.4 per cent growth. Shipments of premium beer rose 3.5 per cent.