Zwack Unicum First-Half Earnings Flat

After-tax profit of Zwack Unicum, Hungary's biggest spirits maker, edged up 1% year-on-year to HUF 1.6 billion in the first half of its business year started April 1, an earnings report published on the website of the Budapest Stock Exchange on Thursday shows.

Sales, net of excise tax and a DRS deposit fee for bottles, fell 6% to HUF 11.1 billion. Zwack noted that sales in the base period were boosted by the rollout of Unicum Orange Bitter, a new flavor in the company's flagship portfolio.

According to the report, net sales revenue from domestic product sales totaled HUF 9.76 billion, which was virtually unchanged from the same period of the previous fiscal year.

Net sales revenue from in-house products on the Hungarian market decreased by 1.1%, while net sales revenue from distributed products increased by 5% compared to the base period.

Net sales revenue from products sold for export decreased by 14.2% year-over-year to HUF 1.09 billion.