Source Pravda.Ru

Baltika brewery posts Q1 results

The net profits of the Baltika brewery declined 13 percent to $13.6m in the first quarter of 2003 against the corresponding period of 2002, the press service of the company reported. It pointed out that net profits had been influenced by fluctuations in the exchange rates of major currencies and operations for attracting credits.

Baltika's net sales went down 10.5 percent to $130m; its operating profits dropped 44 percent to $18.2m. The major reason for a decrease in Q1 2003 sales against Q1 2002 sales was the reorganizing of the sales and distribution system, which was currently underway, the company said. The goal of the reorganization is the implementation of an absolutely new approach to sales, which envisages a geographic division of the market, the creation of a better control system over product flows and prices, and the achievement of closer contact with customers.

© &to=http://www.rbc.com' target=_blank>RBC

Comments
Putin reacts to Kazakhstan president's resignation
Putin reacts to Kazakhstan president's resignation
The Recolonization of Latin America and the War on Venezuela
Christchurch aftermath: Invaders complain of invaders
Christchurch aftermath: Invaders complain of invaders
Christchurch aftermath: Invaders complain of invaders
World's Leading Human Rights Abuser USA
World's Leading Human Rights Abuser USA
World's Leading Human Rights Abuser USA
Christchurch aftermath: Invaders complain of invaders
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
The Recolonization of Latin America and the War on Venezuela
Hot drinks trigger esophageal cancer, new study says
Christchurch aftermath: Invaders complain of invaders
The Decolonization of Western Sahara: A Saharawi vision of the solution
Massacres of Muslim Worshipers in Christchurch: Tragic Insanity at Place of Worship
Christchurch aftermath: Invaders complain of invaders
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Putin addresses social issues, threatens USA with Russia's new missiles in his 15th Federal Assembly speech
Christchurch aftermath: Invaders complain of invaders