Zwack Unicum Nyrt. announced earnings results for the third quarter and first three quarters of fiscal 2020. For the period, the company announced gross sales was HUF 22,558 million compared to HUF 23,882 million a year ago. Operating income was HUF 2,391 million compared to HUF 3,879 million a year ago. Net income was HUF 1,964 million compared to HUF 3,340 million a year ago. Sales net of taxes was HUF 11,861 million compared to HUF 14,358 million a year ago.

For the third quarter, the company announced gross sales was HUF 10,335 million compared to HUF 11,737 million a year ago. Operating income was HUF 1,542 million compared to HUF 2,497 million a year ago. Net income was HUF 1,304 million compared to HUF 2,211 million a year ago. Sales net of taxes was HUF 5,394 million compared to HUF 7,010 million a year ago.

For the fourth quarter, the company expects increase in sales.

All in all, the management still believes that it is possible to realize the 2019-2020 business plan targets (which foresee over 10% decrease in the net sales; and profit after taxation at HUF 1.4 billion - which is by 46% lower than that in the previous business year).