Brewer Plzeňský Prazdroj posts fall in profit

Beer brewer Plzeňský Prazdroj's net profit fell by a fifth to 3.8 billion crowns in 2020. Revenues decreased by more than 1 billion crowns year-on-year to almost 16 billion. The main reason behind the downturn was the long-term closure of pubs and restaurants due to the coronavirus pandemic, the company said in a press release.

The largest domestic brewery last year sold almost 11.2 million hectolitres of beer in the Czech Republic and abroad, down 4.2 percent year on year. Sales in the Czech Republic fell by eight percent year-on-year to 6.69 million hectolitres, while abroad they increased by one percent year-on-year to 4.52 million hectolitres.