The Polish brewer, Pepees, recorded a consolidated net profit for the third quarter of 2002 of PLN1.6m, ($407,500/€405,100) against PLN3.0m ($764,000/€759,600) in the third quarter of 2001.

The company, based in Lomza in northeastern Poland, posted sales revenues of PLN57.1m ($14.54m/€14.46m) for the third quarter, up 20% from last year. Pepees also reported a PLN2.4m ($611,200/€607,700) consolidated operating profit for the third quarter of 2002, against an operating loss of PLN600,000 ($152,800/€151,900) in the corresponding period last year.