Browar Czarnków S.A. is looking for an investor in restructuring
A company producing artisanal beers, which is undergoing accelerated arrangement proceedings, is looking for an investor. In 2020, the company plans to reduce the consumption of energy utilities and modernise the bottling line to automate work.
The President of the Company’s Management Board informed that despite the potential for sales growth, the company is currently unable to achieve its goals. This results from the lack of sufficient working capital and funds for necessary investments.
The Company’s report for 2019 shows that net sales revenues amounted to PLN 10.13 million and in 2018 amounted to PLN 13.33 million. In turn, the loss on operating activities in 2019 amounted to about 2.3 million PLN, and in 2018 to about 2 million PLN.
In 2019 The Company recorded a net loss on sales of about 4.02 million PLN, and in 2018 about 3.99 million PLN.