The owner of the Budvar beer brand, Czech brewery Budejovicky Budvar, has reported a gross profit of 280m Czech crowns (US$9.7m) for 2002, a decrease of 160m crowns, compared to 2001, according to the preliminary results, the company’s director, Jiri Bocek, was quoted in the local press as saying.
Go deeper with GlobalData
The brewer sold 1.2m hectolitres of beer in 2002, a decrease of 100,000 hectolitres, compared to 2001. The flooding in August 2002 saw a drop in sales, as Budejovicky Budvar sold 699,000 hectolitres of beer in the Czech Republic in 2002 against 788,000 in 2001. Exports decreased by 2.5% in 2002.
