Brewer Carlsberg Okocim generate over zł. 2 million in losses

Brewer Carlsberg Okocim generate over zł. 2 million in losses Despite promising Q3 results this year, the capital group of publicly traded brewer Carlsberg Okocim (CO) has generated zł. 2 million in losses. In the third quarter of 2003, the consolidated revenues of the group amounted to zł. 343.5 million and were 10% higher than in the same period last year. O perational profit also increased by 224% to zł. 27.7 million. The capital group earned around zł. 16.2 million net, whereas last year its profit reached zł. 0.7 million. CO management said that the group's performance is a result of an increase in beer sales coupled with its restructuring process in the first quarter, which helped lower CO's operational costs. In the third quarter of 2003, the group sold 1.2 million hectoliters of beer which is 9% more than last year. (Parkiet, p. 5) A.Z.