PORTUGAL: Sumolis turns to profit in 2003
The Portuguese soft drinks and beer maker Sumolis has turned in a profit of €1.6m (US$2.0m) for 2003, having reported a loss in 2002 of €1.3m (US$1.6m) for 2002.
Sales were up 5.6% to €157.4m, driven in particular by the domestic market.
The company also said it was boosted by a restructuring process in initiated in 2003, which saw the company separate its various business activities from soft drinks to beer into separate units.
However, turnover reached €170.7m in 2003, down from the €172m in 2002.
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