Żywiec with PLN 124 mln net profit in H1

WSE-listed beer producer Żywiec, subsidiary of Heineken, had a PLN 123.8 million net profit in H1, down from PLN 134.7 million last year, the company said in a market filing. Revenues amounted to PLN 1.64 billion, compared with PLN 1.58 billion last year. “Very good weather in April and May and additional beer consumption opportunities related to the football World Cup meant that despite the weak first quarter, in the entire first half of 2018, beer sales in Poland increased by more than 3 percent in volume and by 6 percent in value,” the company said. Overall, in H1, Żywiec sold 5.6 million hectoliters of beer, similar figure to last year’s results.