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  • Dutch brewer Heineken said Wednesday that first-quarter net profit plunged 68.5 percent, hit by novel coronavirus. The company said net profit fell to 94 million euros ($102 million), as the volume of sales fell in March. Heineken chief executive Jean-François van Boxmeer said measures to contain the crisis was "having a significant impact" on the company's business. Sales as measured by volume grew by five percent in the first quarter, but slipped 2.4 percent in March, a statement said. "The initial impact of the COVID-19 crisis is visible in the volume performance of this quarter and is expected to worsen in the second quarter of 2020," it added. smt-wai/bp
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  • Heineken Q1 profit plummets
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