HEIO Heineken Holdings

AMSTERDAM—Brewer Heineken NV on Monday reported a rise in profit and revenue and reiterated its full-year profit expectations despite economic weakness in developing markets and what it described as increasing currency headwinds.

Net profit before exceptional items was €977 million ($1.1 billion) in the first six months of this year, up 6.8% from the same period last year. Revenue rose 2% to €10.1 billion on the year, or by 4.7% on an organic basis.

Analysts polled by FactSet had forecast a profit of €962 million on revenue of €10.2 billion.

Heineken said its full-year expectation of earnings and organic revenue growth remains unchanged and that it still expects its profit margin to expand by around 40 percentage points this year.

Write to Maarten van Tartwijk at maarten.vantartwijk@wsj.com

(END) Dow Jones Newswires

August 01, 2016 02:05 ET (06:05 GMT)

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