Zwack increased its sales and profit in the 2022-2023 business year

During this time, the company’s net sales without excise and public health product tax amounted to HUF 21.215 billion, 15.8 percent or HUF 2.901 billion higher than in the base period.

The company’s annual after-tax profit was HUF 3.448 billion, which is HUF 248 million or 7.8 percent higher than the base. Although in the fourth quarter the profit already decreased compared to the base, the company was able to close a year even more productive than last year’s outstanding year, which is due to the significant increase in profit realized in the first three quarters – they write in the report.

The net sales revenue of domestic annual product sales is HUF 2.218 billion, 14.2 percent higher than in the previous business year, the net sales revenue of self-produced products on the domestic market increased by HUF 1.392 billion, or 12.1 percent, from HUF 11.545 billion to HUF 12.937 billion. Within this, the sales revenue of premium products rose by 11 percent, while that of quality products rose by 16 percent, the company announced.