Revenue, excluding excise tax, fell 16.2pc to HUF 15.0bn, but material costs dropped just 9.3pc to HUF 6.45bn, causing gross margin to slip 20.6pc to HUF 8.57bn. Zwack Unicum blamed the narrowing margin on the weaker forint and changes to the product mix. Operating costs were down 19.4pc at HUF 6.35bn because of cuts in payroll costs and other operating costs. Operating profit dipped 20.1pc to HUF 3.0bn. Zwack Unicum had total assets of HUF 15.27bn on March 31, 2010, 15.0pc less than twelve months earlier. Net assets dropped 17.5pc to HUF 11.15bn.