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Zwack ups profits

Hungarian liquor maker Zwack Unicum Nyrt produced a 3% growth in after-tax profit and in turnover alike, the company announced.

As shown in the company’s report on the first three quarters of the business year starting last April, without excise tax, sales revenue grew 4.3%. The net revenue of own-products was Ft 14.4 billion, while as a dealer of other brands Zwack made net sales revenue of Ft 2.9 billion, almost exactly the same amount as last year. The operational profit was Ft 3.654 billion, of which Ft 3.44 billion was made by the drinks made by Zwack. There was 5.6% more own-brand premium products sold, with the brand „Fütyülős” becoming 40% more popular, which can be considered a sign of an increasing demand in Hungary for high-quality products. Trade drinks produced a 3% drop in turnover. The Q1-Q3 after-tax profit of Ft 2.904 billion, accounted according to IFRS (International Financial Reporting Standards), is likely make it possible for Zwack to pay a Ft 1,000 dividend, as the company did last year, after the business year comes to an end. (Napi Gazdaság)