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Heineken reports lower annual profit

  • Heineken (HINKY) saw its profit drop in 2013 as developing markets under-performed and regulatory actions hurt demand in key regions.
  • The global brewer reports organic beer volume fell 2.7% lower in 2013 amid what it calls a "fragile" economic environment.
  • For the year, profit fell to €1.58B ($2.6B) from €1.66B ($2.73B) in 2012 despite a 20 bps improvement in operating profit margin.
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