Heieneken extracts fatter annual dividend from DB than profit in 2014

Mon, 27 Jul 2015

By Suze Metherell July 27 (BusinessDesk) - For the second year in a row, global beer group Heineken NV has pulled out a bigger dividend than its New Zealand subsidiary, DB Breweries, earned. Auckland-based DB paid dividends totalling $32.1 million in calendar 2014, more than the $22.4 million profit reported that year, according to financial statements lodged with the Companies Office. The Dutch parent, which took control of the local company in late 2012, extracted $123.2 million in 2013, when DB reported a profit of $38.8 million in th...

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