Case toasts a spirited year
Net profit in the spirits market soared to zł.266 million last year from a loss of zł.26 million in 2003.
In a report of the Polish spirits industry, Case Advisors said that after years of regression, the sector is stabilizing. In 2003, revenues in the distilled alcoholic beverages market came to zł.4.74 billion, which grew by 15.4 percent to zł.5.47 billion in 2004.
High excise duties continue to hamper export growth but many producers are now targeting overseas markets, with a 6.8 percent rise last year in export income. The report also said the slowing down of the privatization process was dampening the industry.
In a report of the Polish spirits industry, Case Advisors said that after years of regression, the sector is stabilizing. In 2003, revenues in the distilled alcoholic beverages market came to zł.4.74 billion, which grew by 15.4 percent to zł.5.47 billion in 2004.
High excise duties continue to hamper export growth but many producers are now targeting overseas markets, with a 6.8 percent rise last year in export income. The report also said the slowing down of the privatization process was dampening the industry.
