Zwack Unicum no longer Premium on BSE
Shares of Zwack Unicum, producers of that distinctly Hungarian tipple, will be sold under the “Standard” category of the Budapest Stock Exchange as of Monday, November 4; Zwack had been listed as a “Premium” brand prior to this but has now failed to meet premium-category requirement for two consecutive biannual reviews, according to news service MTI.
In the “Premium” category beginning in March will be ANY Biztonsági Nyomda, property holding company Appeninn, insurer CIG Pannonia, pharmaceutical companies Egis and Gedeon Richter, FHB and OTP banks, telcommunications firm Magyar Telekom, oil-and-gas company MOL, alternative energy company PannErgy and vehicle maker Raba.
For fiscal year 2012, Zwack Unicum reported after-tax profit had dropped 15% year-on-year to HUF 1.44 billion, while the Hungarian spirits market had contracted some 10%.
A note of sympathy for Zwack, then: You may not be “Premium,” but Hungarian guys still love ya…
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