PORTUGAL: €4.1m loss for Sumolis
Portuguese brewing group, Sumolis, has posted a €4.1m (US$3.6m) net loss for 2001 against a €2.5m profit in 2000.
Sales were up by 6.2% to €168.1m (US$147.3m), with bottled sales accounting for 10.9% of the total. Operating cash flow stood at €5.9m (US$5.2m) for the year, a 42% reduction from last year.
Investment at the company reached €17.2m (US$15.1m) in 2001, with the upgrading of production lines accounting for 50%. The company is not proposing a dividend this year.
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