Declining profits at Zwack

The profits of Zwack Unicum Plc. decreased by nearly 25 percent: In the 2009-2010 fiscal year the company reached 2.3 billion HUF after-tax profit, according to the International Financial Reporting Standards (IFRS).

According to Zwack’s annual report published on the website of the Budapest Stock Exchange, the gross revenues were 24.2 billion HUF, 14.2 percent lower, compared to the same period last year. The company's revenues from exports were 1.3 billion HUF, 8 percent lower than last year's export performance – reports Privátbankar.hu.