Beer giant grows revenue by €60m

Heineken Ireland upped its market share slightly last year and increased revenues nearly €60m as it managed to comfortably outperform a dwindling beer market.

Revenue for the Cork-based subsidiary of the Dutch brewing giant came to €464m in 2011, up from €405m the previous year.

While on a like-for-like basis, annual revenue was up by around €10m, or 2%, last year’s total figure was boosted by the gain of the value of Heineken Ireland’s Northern-based wholesale business being included on the subsidiary’s balance sheet for the first time.