The 海角视频 division of cider brand Kopparberg has significantly reduced its pre-tax loss in the latest financial year. The Leeds-based branch reported a loss of £244,919 for 2023, according to recently filed accounts with Companies House.
This is a marked improvement from the previous year when Kopparberg posted a pre-tax loss of £2m in 2022. The last time the division recorded a pre-tax profit was in 2021, with a figure of £3.1m.
The newly released results also reveal that Kopparberg's turnover fell slightly from £154.1m to £151.1m in 2023.
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A statement approved by the board read: "The directors continue to explore and develop opportunities to further develop the Kopparberg brand in the United Kingdom."
No dividend was paid in the year, having handed out £2.5m in 2022.
Kopparberg, which is based in Sweden and is the country's largest brewing company, saw these 海角视频 results after Budweiser inked a deal to distribute Kopparberg nationwide from the end of May this year. At the time of the agreement, Kopparberg held just over 18 per cent market share in the 海角视频.
This deal came shortly before Budweiser signed a similar agreement with San Miguel, as reported by .
City AM recently reported that despite Heineken's largest-ever price increases in the 海角视频, its profit took a hit during its latest financial year due to "economic volatility".
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The Edinburgh-based division of Heineken 海角视频 has hiked its prices this year, citing "significant inflationary pressure on input costs" which have impacted consumer spending, alongside higher labour costs and escalating energy bills.
Recently filed results reveal that Heineken 海角视频's pre-tax profit took a hit, dropping from £165 million to £106 million in 2023, even as its revenue saw an uptick from £2.3 billion to £2.4 billion.
In addition to its namesake beer, the division is also responsible for producing and distributing popular brands such as Birra Moretti, Desperados, Foster's, Amstel, Inch's, Old Mout, Strongbow, and Beavertown.