Dutch brewing giant Heineken's third-quarter revenue fell despite better beer sales.
The company, whose brands include Amstel, Kingfisher and Savanna cider, said net income fell by about 528 million euros to 9.072 billion euros ($9.78 billion).
The Amsterdam-based company gave no specific reasons for the decline, but explained that net income had been squeezed by currency depreciation in Brazil, Ethiopia, Nigeria and Mexico.
Premium beer volume jumped 4.5% in the quarter, while total beer volume rose 0.7%.
Heineken CEO Dolf van den Brink spoke of a "solid quarter of balanced growth".
"Our business continues to perform in line with our plan overall, although some markets are moving towards challenging consumer and industry trends," he said.
"We reaffirm and reiterate our full-year guidance for organic operating profit growth in the range of 4 to 8 percent," Van den Brink noted. I BGNES, AFP
