Zwack profit up over 27% in H1

Telco

After-tax profit of Zwack Unicum, Hungaryʼs best-known spirits maker, rose 27.4% year-on-year to HUF 1.13 billion in the first half of its 2018-2019 business year, an earnings report released after the end of market trading on Tuesday shows. Operating profit was up 28.4% at HUF 1.38 bln in H1. 

Total gross sales of the company, which is listed in the Equities Prime category of the Budapest Stock Exchange, amounted to HUF 12.15 bln, a year-on-year increase of 14.3%, state news wire MTI reported. Zwackʼs revenues, net of taxes including the excise tax and public health product tax, rose 13.7% to HUF 7.35 bln.

Net sales of self-manufactured goods increased in the domestic market by 17.1% to HUF 5.18 bln. Broken down, sales of premium products increased 13.7%. Export revenues reached HUF 765 mln following a 5.6% growth.   

Direct costs of sales climbed 11.7% to HUF 2.97 bln, with the gross margin increasing by 0.7 of a percentage point to 59.6%.

Payroll costs were up 6.6% to HUF 1.42 bln. Other operating expenses climbed 13.5% to HUF 1.62 bln, mainly due to higher marketing expenses.

ADVERTISEMENT

Consumer price levels below EU avg in 2020 Analysis

Consumer price levels below EU avg in 2020

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Breast cancer screening at Dr. Rose Private Hospital Interview

Breast cancer screening at Dr. Rose Private Hospital

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.