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The Independent UK
The Independent UK
National
Via AP news wire

Czech brewer Budvar’s 2022 net profit is 40% down due to Russia's war in Ukraine and high inflation

Copyright 2018 The Associated Press. All rights reserved

The Czech brewer Budvar, which has been embroiled in a long legal dispute with U.S. beer giant Anheuser-Busch over the use of the Budweiser brand, said Thursday that it has registered a fall in its 2022 net profit and exports.

The company said it’s due to Russia’s war in Ukraine and high inflation driven by soaring energy prices.

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