News Formal

Czech brewer Budvar's net profit up 46.3% in 2023 as it recovers from loss of the Russian market

  • 📰 ksatnews
  • ⏱ Reading Time:
  • 17 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

World News News

Business

The Czech brewer Budvar, which has been embroiled in a long legal dispute with U.S. beer giant Anheuser-Busch over the use of the Budweiser brand, says it increased its net profit, output and exports in 2023.

FILE - An employee tends to the bar at the Budweiser Budvar company in Ceske Budejovice, Czech Republic on Jan. 3, 2001. The Czech brewer Budvar, which has been embroiled in a long legal dispute with U.S. beer giant Anheuser-Busch over the use of the Budweiser brand, said Friday, July 12, 2024, it increased its net profit, output and exports in 2023. – The Czech brewer Budvar, which has been embroiled in a long legal dispute with U.S.

The 128-year-old state-owned brewery reported a 40% fall in profit in 2022 due to Russia’s war in Ukraine and high inflation driven by soaring energy prices. Exports went up by 4.6% in 2023, with Germany, Poland, Slovakia, Britain, Austria and Canada the top markets. The company sells its beer in some 70 countries.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 442. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Czech brewer Budvar's net profit up 46.3% in 2023 as it recovers from loss of the Russian marketThe Czech brewer Budvar, which has been embroiled in a long legal dispute with U.S. beer giant Anheuser-Busch over the use of the Budweiser brand, says it increased its net profit, output and exports in 2023.
Source: wjxt4 - 🏆 246. / 63 Read more »