Economy
Financial Markets
Energy & Commodities
Industries
Stocks / IPOs
Real Estate
Company - Domestic
Company - Overseas
R&D
Industrial Parks

 
Company - Domestic
 Search News  Or
Wuliangye Yibin sees profit surge nearly 50% in H1

Aug. 19, 2011 (China Knowledge) - Chinese liquor giant Wuliangye Yibin Co Ltd<000858> has posted RMB 3.49 billion-net profit for the first half of this year, reflecting a year-on-year jump of 48.98%.

In a statement filed with the Shenzhen Stock Exchange, the company said its operating revenue for the first half surged 39.84% year on year to RMB 10.6 billion.

The liquor company added more than 700 dealers and 900 outlets in the first half of 2011, which boosted product sales to a great extent, said analysts of China International Capital Corp.

In the reporting period, the high-end Wuliangye-branded liquor sales revenue swelled 36.73% from a year earlier, while the revenue derived from medium and low-end products sales increased 46.74% year on year.

Earnings per share for the first half of 2011 were 88.6 RMB cents, and the EPS is expected to reach RMB 1.62 in 2011, RMB 2.26 in 2012 and RMB 2.80 in 2013, forecasted by a Chinese securities institute.







Copyright © "2013" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services
 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved