Huge loss at Poland’s No. 2 vodka producer

Huge loss at Poland’s No. 2 vodka producer

Published at: 2012-03-01 15:07 | Author: Economics & Politics
Poland’s second largest vodka producer CEDC, responsible for brands like Bols and Żubrówka, recorded a loss of USD 1.2bn in 2011. It’s the worst result ever, it’s the worst result ever for the company, but also seen as the worst ever to hit a company on the Warsaw Stock Exchange. The company says the nightmare result was brought about by a fall in its market value of USD 1.1bn along with the loss some of its trademarks. Not everyone is buying the explanation, however, hinting that its profit predictions for 2011 had been unrealistic.

Similar Stories:

Svoboda & Williams Wins Best Local Real Estate Agency Category at the CIJ Awards 2019
The Svoboda & Williams real estate agency won the Best Local Real Estate Agency catego  »
Croatian Post acquires Locodels
The Croatian Post has acquired the courier delivery service company Locodels. The price of  »
Elin Pelin-Vakarel railway section to undergo €255m upgrade
The 20 km Elin Pelin-Vakarel railway section in western Bulgaria is set to undergo a €25  »
Budapest unveils smart streets project
In an effort to boost street shopping, eliminate empty storefronts and tighten cooperation  »
Czech Republic  ♦  Bryan Wilson : On Management
What’s guided your theory of management? I’d start by saying that in no way do I cons   »
The Czech investment group Redside has completed the acquisition of the Trenčin Industria   »
The Prague-based property conference took place in the shadow of the financial crisis that   »
Radom airport has been the butt end of jokes for years. Czech Airlines and Air Baltic both   »