ADVERTISEMENT

Zwack profits jump 22% to HUF 2.3 bln

Telco

Hungarian Zwack Unicum, the country’s best-known spirits maker, saw a year-on-year 22% increase in after-tax profit of HUF 2.3 bln in the first three quarter of its business year ending on March 31, an earnings report published yesterday reveals.

The company attributed the profit to increasing revenue while costs were controlled. Zwack revenue increased by 11% to HUF 19.4 bln, and after paying excise tax, revenue came to HUF 11.6 bln, up by 12%. Operating costs rose by 2% to HUF 4.1 bln in the same period, lifting operating profit by 35% to HUF 2.9 bln.

In the first three quarters of Zwack’s current business year, domestic sales grew by more than 24% as business partners brought forward purchases prior to a health tax being extended to a broad range of spirits from the start of the calendar year.

ADVERTISEMENT

Regional income disparities remain pronounced Analysis

Regional income disparities remain pronounced

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.