CZECH REPUBLIC: First quarter profit down at Budejovicky Budvar
The Czech brewer, Budejovicky Budvar, reported a gross profit of CKR67m (US$2.0m) for the first quarter of 2002, 50% down on last year's figure of CKR135m. Sales revenues fell by 2.6% to CKR520m. Volumes for the first quarter stood at 260,000 hls of beer, down by 12,000 hls from the corresponding period last year.
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