Heineken's profit has high of 9.1% and goes to €950 million

LONDON-Heineken reported that it had net profit of 950 million euros ($ $1.11 billion) in the first half, up 9.1% in comparison with the same period last year, when profits had been 871 million euros. Revenue rose 4.2 percent, 10.78 billion euros in the first half of 2018, while net revenue on an organic basis grew by 5.6%. The company, however, cut your margin projection for this year, attributing this to the euro valued and their business in Brazil, even though she has recorded solid growth in volumes traded in the first six months of this year. The second largest brewery in the world warned that now provides that your operating margin for the current year back up 20 basis points, before currency impacts and a larger-than-expected dilution of your acquisition, in June last year, Brazil's Kirin. Previously, the company predicted that its operating margins to advance 25 basis points in 2018. Heineken said beer volumes sold advanced 4.5% organically, on the strength of countries like Brazil, South Africa, Russia, United Kingdom, Nigeria and Mexico. In the US, however, these volumes receded. After the release of the balance sheet, the action of retreating 5.95% Heineken on Amsterdam, at 4:25 (Eastern). /Dow Jones Newswires