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Wed, Jun 25, 2003 - Page 12 News List

Drop in beer sales cuts the foam from Heineken's profits

FIRST-HALF GROWTH People in France, the US and the Netherlands are drinking less beer so the company's earnings for this year will be affected

BLOOMBERG

"A substantial part of beer sales is realized in the summer months of July and August," the brewer said in a statement. The company plans to give indications about profit for the whole year on Sept. 10, when it reports first-half earnings.

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