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Economy

Heineken hit as Brazil, currencies force margin outlook cut

Updated : July 30, 2018 08:33 PM IST

The brewer of Heineken lager, Tiger, Sol and Strongbow cider reported first-half earnings below market expectations and said its operating margin would decline by 20 basis points in 2018, compared with a previous forecast of a 25 basis point increase, after it fell sharply in the first six months.
Heineken hit as Brazil, currencies force margin outlook cut

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