Budweiser Budvar increased its gross profit by 7% last year
Budweiser Budvar, N.C. has made its audited economic and business results for 2010 public today. Due to a difficult situation on the beer market the beer sales decreased by 5.2% last year. This slump was, however, fully compensated by efficient purchases of material and services, reduction of inefficient overhead costs, forex securing against the strengthening Czech koruna as well as many other precautions. Owing to that Budweiser Budvar’s last year economic results before taxation noted a year-on-year increase of 7%, reaching an amount of CZK 220 million. (more…)