Budvar posts 9.2 pct increase in profit in 2011


The state-owned beer producer Budějovický Budvar on Thursday posted a gross profit of nearly 240 million crowns in 2011, an increase of 9.2 percent compared to the year before. Budvar’s beer sales rose by 5.5 percent and reached 1.32 million hectolitres. The brewery also last year registered record exports which rose by 7.7 percent annually.