October 23, 2013 / 6:19 AM / 4 years ago

Heineken cuts 2013 profit forecast after weak Q3

BRUSSELS, Oct 23 (Reuters) - Heineken, the world’s third largest brewer, reduced its full-year profit guidance on Wednesday after beer sales in eastern European dropped sharply and slipped in Brazil and some African countries.

The group, which brews Europe’s best-selling Heineken lager, Sol, Tiger and Stongbow cider, said it now expected its net profit before one-offs to fall by a low single-digit percentage this year, having previously forecast little change. (Reporting By Philip Blenkinsop)

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