Summary Box: Heineken says 1H profit jumps 42 percent on one-time gain, cost-cutting efforts

Summary Box: Heineken’s first-half profit rises

RESULTS: Heineken NV said its earnings rose 42 percent in the first half of the year thanks to one-time gains and cost-cutting efforts. The world’s third-largest brewer said trading conditions were challenging in Europe and the U.S., but it saw strong volume growth in Africa and Asia.

BOTTOM LINE: The maker of Amstel and Dos Equis beers said net income rose to €695 million ($881 million) from €489 million a year earlier. The latest period included €121 million in gains, mainly on the sale of its stake in an Indonesian unit. Revenue rose 5 percent to €7.52 billion ($9.5 billion), mostly due to its acquisition of Mexico’s Femsa.

WHAT’S AHEAD: Heineken remains cautious on beer consumption in Europe and the U.S. due to continued weak consumer spending and planned austerity measures across many countries.