Hong Kong CNN —People in Asia aren’t guzzling as much beer as they used to. Best known for its eponymous beer label, Heineken is home to more than 300 brands, including Tiger beer, Amstel Lager and Strongbow cider. Heineken branded beer did continue to see growth in the first half, both overall and within Asia Pacific. The brewer also blamed a drop in premium beer sales on a decline in Russia, a market the company has said it’s trying to exit. Heineken now expects “stable to mid-single-digit” growth in operating profit for the full year, compared with the “mid- to high-single-digit” growth it outlined in April.

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Persons: Dolf van den Brink, Strongbow, ” Heineken, Vladimir Putin’s, Heineken, “ Organizations: Hong Kong CNN —, Asia aren’t, Heineken, Asia Pacific, Lager, Yale, CNN Locations: Hong Kong, Asia, Dutch, Asia Pacific, Vietnam, Korean, Nigeria, Amsterdam, Russia, Ukraine