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Draft beer does well

The stock of Romanian brewer Bermas Suceava climbed 15% on Friday at the Bucharest Stock Exchange (BSE), after the company disclosed the preliminary financial results for last year. The company's shares were traded at 23,000 ROL, double the price posted last year

Ziarul Financiar · 15 februarie 2004 · 1 min de citit



The stock of Romanian brewer Bermas Suceava climbed 15% on Friday at the Bucharest Stock Exchange (BSE), after the company disclosed the preliminary financial results for last year. The company’s shares were traded at 23,000 ROL, double the price posted last year. The financial results show profit and turnover increased 21% in nominal terms, as compared with an inflation rate of 14.1%. The company chiefly sells draft beer and has managed to compete with the international brewers, maintaining its 3% market share. The Romanian beer market grew 11% last year. ZF



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