The Várda Drink Group is not making losses

The Kisvárda-based Várda-Drink Group, dealing with the production and distribution of alcohol reduced its annual more than 300 million HUF loss to zero at the end of last year – the company's CEO told MTI on Wednesday.

Kishonti Alex said that the Slovak-owned, group started the restructuring process to achieve rationalization and to minimize the losses in last January. The Várda-Drink modified its pricing policies and contracts, but in addition to rationalizing, a portion of its employees was forced to be discarded.  (MTI)