Budvar Profit Rises Again

Budvar, the Czech brewer that has been in a long legal dispute with Anheuser-Busch over the Budweiser brand saw its net income last year rise 10% for the second consecutive year.

Exports were up 11%, a record and output rose 4.6% to a reocrd 1.8 million hectoliters.  The brewer credited the pandemic, which bolstered demand for bottled beer even as demand for beer in tanks and barrels declined as bars and restaurants closed.

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