The Kofola Group, the manufacturer of such brands as: Kofola, Hoop Cola, Paola, Rajec, Vinea, Jupik or Semtex, despite record expensive raw materials (mainly PET bottle preforms, sugar and isoglucose) and strong competition in the beverage segment, has improved its operating profit during nine months of this year by 9% (from PLN 47.7 million during three quarters of 2010 up to PLN 52.0 million during the comparable period in 2011). Consolidated adjusted net profit due to the Kofola S.A. shareholders amounted to PLN 27.1 million – against PLN 26.4 million a year ago. Net result would have been even higher if it were not for the impact of high exchange rate of EUR, resulting in unrealised foreign exchange differences, charging the third quarter profit.

Kofola Group, which major part is owned by Czech founders, increased consolidated revenues by 19.0% and reduced overhead costs by 3.4%. However, EBITDA decreased by 45.0% due to a high commodity prices.