Zwack Unicum Profit Drops on Higher Costs
The Zwack Unicum HQ in Budapest
Image by Andocs / Shutterstock.com
After-tax profit of Zwack Unicum, Hungary's biggest spirits maker, fell 16% year-on-year to HUF 3.2 billion in Q1-Q3 of its business year started April 1 as feedstock and operating costs climbed, an earnings report published on Tuesday shows.
Net sales rose 5pc to HUF 19.1 bln.
Material costs increased 7% to HUF 7.7 bln and operating costs climbed 16% to HUF 7.7 bln.
Zwack noted that domestic sales volume had dropped by 2.5% amid an overall decline in consumption caused by high inflation.
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