Żywiec with PLN 272.6 mln profit in 2016

WSE-listed, Polish unit of Heineken, Żywiec suffered a 8.6 percent year-on-year decrease in net profit to PLN 276.million. Revenues declined by 23.6 percent y/y to PLN 2.39 billion due to the sale of distribution unit Distribev, the company said in a market filing. According to Żywiec CEO Guillaume Duverdier, beer sales in Poland should be similar this year to 2016 levels. In volume terms, Żywiec increased sales by 0.6 percent to 11.7 million hectoliters in 2016.