Dreher winds up warehouse investment
Hungarian beer-maker Dreher Breweries, a unit of SABMiller, inaugurated new warehouse space worth HUF 447 mln at its base in Budapest on Friday, saying it expected to recoup the investment on the two warehouses, with a combined area of 4,400 sqm, in the following year.
According to Hungarian news agency MTI, the Hungarian unit’s capital expenditures in the last year add up to approximately HUF 2 bln. Dreher says it is closing its business year tomorrow, with an expected HUF 1.3 bln loss on a revenue of HUF 43.5 bln. According to public records, Dreher saw a loss of HUF 2.3 bln on a revenue of HUF 48.6 bln last year.
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