Zwack’s sales declined

In the first half of the year, Zwack Unicum Plc.’s gross turnover was 10,625 billion HUF, which is 3.6 percent lower than a year before, while the company’s 6,662 billion HUF net sales were 0.2 million HUF more than last year, according to the company’s flash report published on the website of the Budapest Stock Exchange (BSE) on Tuesday.

According to the International Financial Reporting Standard (IFRS), the company’s after-tax profit was 886 million HUF, 12 percent lower than a year before, but significantly higher than planned.

Net revenues of domestic sales were 7 million lower HUF, which is a decrease of 0.1 percent. Net sales of own products decreased by 200 million HUF, which is a 4.3 percent decline on an annual basis, but the premium income increased by 8.6 percent. (MTI)