Grupa Żywiec net loss shrinks

Grupa Żywiec reported a consolidated net loss of PLN 4.11 million in Q1 2015, compared with PLN 42.16 million in Q1 of the previous year, the company informed. The company's operating net loss amounted to PLN 1.62 million in Q1 2015, versus PLN 42.45 million in Q1 2014. Sales revenues stood at PLN 602.49 million in Q1 2015, while they totaled PLN 634.09 million in the previous year. Grupa Żywiec consists of five main breweries: Żywiec Brewery, Elbrewery, Leżajsk, Warka Brewery and Cieszyn Brewery. Currently the Dutch Heineken Group, with a 61 percent shareholding, has control over major operations.