Daily Archives: April 19, 2017

Heineken posts slight volume increase in Q1 amid continued macroeconomic challenges

Heineken N.V reported its first quarter 2017 results on Wednesday, posting a slight beer volume increase of 0.6% due to strong sales in Asia and Europe.

The world’s second largest brewer which reported €293m in profit in the first three months of 2017 compared to €265m a year earlier saw its sharpest beer volume increase in Asia Pacific region, with a 5.4% growth led by Cambodia, and a modest increase of 0.5% in Europe, driven by improvements in France, Spain, the Netherlands, Italy and Austria.

Ebonyi State bans serving of Coca-Cola branded Soft drinks at State functions

The Ebonyi State Government has become the first State in Nigeria to restrict the consumption of Coca-Cola products in the state.

Concerned with the recent ruling by a Lagos State High Court against the National Agency for Food and Drug Administration and Control (NAFDAC) and the Nigerian Bottling Company (NBC) on the alleged health effects of consuming Fanta and Sprite, Ebonyi State Governor, David Umahi on Tuesday issued an order, banning the serving and consumption of Coke, Sprite and Fanta at government functions in the state.