Brau, part of the Austrian brewing group, Brau Union AG , reported an 11.8% rise in net sales from HUF14.44 billion to HUF16.14 billion. However, a 24% rise in material costs adversely affected operating profits which fell from HUF1.62 billion to HUF1.17 billion.
HUNGARY: First half profits down at Brau Union
The Hungarian brewer, Brau Union Hungaria Sorgyarak, reported pre-tax profits for January to June 2002 of HUF1.10 billion ($4.4m), down by almost 30% from HUF1.57 billion in the corresponding period last year.