Heineken cheers rising profits in 2017

The Hague

DUTCH brewing giant Heineken said on Monday that profits jumped by a quarter in 2017, thanks to higher sales of its premium brand beer across nearly all regions.

Heineken said in a statement that its net profit rose by 25.6 per cent to 1.93 billion euros (S$3.1 billion) last year on a 5.3 per cent increase in sales to 21.9 billion euros.