Heineken&#39;s Net Profit Falls 27 Percent
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The Dutch brewing company Heineken reported a rise in first half sales on Wednesday but said net profit fell 27 percent, due in part to the weaker dollar.
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Coca-Cola Co. , the world's largest soft-drink maker, on Wednesday reported lower fourth-quarter net profit, hurt by an $2.9 billion impairment charge at its largest bottler.
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Coca-Cola Co.  on Thursday reported a 24 percent drop in quarterly net income due to weak sales of its soft drinks, juices and bottled waters in Germany and other key markets.
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Net profit dropped at the consumer products maker to 721 million euros ($1.04 billion) in the last three months of 2007, from 2.03 billion euros a year earlier.
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Dutch brewer Heineken posted a 4.5  percent fall in core profit for the first half on Wednesday, at  the low end of expectations as a weak dollar and sluggish  markets hurt business.
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Australian brewer Lion Nathan Ltd this morning said write downs on its wine business and other assets would see its full year result reduced by $A42.
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The company said third-quarter net income fell 5 percent on weakness in refining, but the decline was less than Wall Street had feared.
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Constellation Brands Inc., down $3.40 at $20.06. The beer, wine and spirits seller warned its 2008 revenue and profit will decline due to pricing pressure caused by a weak U.K. retail environment and an oversupply of Australian wine.   Citigroup Inc., up 78 cents at $51.15.
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Kroger (KR), the largest US grocer, Tuesday reported a 25% drop in quarterly profit. Even though sales rebounded in Southern California, where Kroger was hit by a strike, Chief Executive
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CHARLOTTE, NC - Coca-Cola Bottling Co., the country&#39;s second-largest bottler of Coca-Cola drinks, said third-quarter earnings fell sharply as poor weather hurt results.
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Lion Nathan Ltd., Australia&#39;s second- biggest brewer, said full-year net income fell about 11 percent after writing down the value of its wine unit and other assets by A$112.
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Quarterly net profit fell to $81 million, from $133 million a year earlier, as the company took charges related to restructuring and disposing of some vending machines.
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- Wine and spirits company Constellation Brands Inc.  said quarterly profit fell sharply, hurt by a plan to cut the amount of wine it ships to U.S. distributors and lower results from its UK business.
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Coca-Cola Enterprises Inc. (CCE.N: Quote, Profile, Research) , the world&#39;s largest bottler of Coca-Cola drinks, reported on Thursday a 20-percent drop in quarterly profit
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The company said fourth-quarter net profit fell 42 percent and announced it would cut 1,000 jobs as part of a cost-cutting strategy.
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The Dutch brewer Heineken NV reported its profit fell 27 percent due in part to the weaker dollar despite a rise in sales in the first half of the year.
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Coca-Cola Co. KO.N on Thursday  reported a 24 percent drop in quarterly net income due to weak  sales of its soft drinks, juices and bottled waters in Germany  and other key markets.