Zwack liqueur consumed less-than-expected in the U.S.
The Zwack Unicum reached 1.257 billion HUF after-tax profit, in the first half of the 2009-2010 business year, which is 20.1 percent less than of the base period – reports the company.
Zwack’s gross sales decreased by 13.8 percent, reaching 12.054 billion HUF in six months. The reduced net sales were 7.551 billion, which is 15 percent below the base.
The export turnover was 648 million HUF, which was 24.6 percent lower compared to last year. Nearly 80 percent of the revenue decrease was from the United States, where the Zwack expectations are significantly slower than planned. But in the major European markets volume decrease has been occured also – reports Privátbankár.hu.
Related news
Related news
Márton Nagy: in the long term, we must return to investment-led economic growth
In the long term, we must return to investment-led economic…
Read more >250 HUF coupons in nearly 200 Tescos = several million HUF worth of handholds for 3,600 children
Those who shop at Tesco with the Ecumenical Aid Organization’s…
Read more >Young talent, Szécsi Böbe, composed the music for SPAR’s new commercial
The KEMP songwriting camp, organized by Banana Records, was held…
Read more >