Heineken profits down 1.4%

Brewing giant Heineken saw profits fall 1.4% to €1.43bn in 2011 due to rising costs, although emerging markets ensured revenues grew 6.1% to €17.1bn.

The Foster’s and Sol brewer lifted market share in the UK, but sales volumes for its Strongbow cider declined in the mid-single digits due to comparisons with a strong World Cup year in 2010.