Budvar, the Czech brewer that has been in a long legal dispute with U.S. beer giant Anheuser-Busch over use of the Budweiser brand, increased its net profit by some 10% for the second straight year as it saw record output and exports despite the coronavirus pandemic.
Budejovicky Budvar NP, a 126-year-old state-owned brewery, said its net profit reached 337 million Czech crowns ($14.4 million) in 2021, up from 305 million the previous year. Its net profit was up nearly 10% in 2020.
