Bulgaria's Zagorka Grows Net Profit Slightly in 2018, Revenue Drops

Bulgaria's Zagorka Grows Net Profit Slightly in 2018, Revenue Drops

Bulgarian brewer Zagorka, a unit of Dutch-based Heineken International, said that its net profit edged up to 23.1 million levs ($13.3 million/11.8 million euro) in 2018 from 22.5 million levs the year before. The company's sales revenue fell to 140.6 million levs last year from 150.5 million levs in 2017, Zagorka said in a commercial register filing. In terms of volume, however, Zagorka's sales added 0.2% to 1.495 million hectolitres. Bulgaria's beer market shrank by 1% in 2018, Zagorka said, quoting data from British information, data and measurement company Nielsen. In 2019, Zagorka expects the Bulgarian beer market to remain unchanged compared to 2018.The company's expenses for materials rose to 60.3 million levs in 2018 from 58.7 million levs in 2017, while expenses for hired services dropped to 30.6 million levs from 40.5 million levs.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.