Mar. 23, 2012 (China Knowledge) - Kweichow Moutai Co Ltd<600519
>, China's top ultra-premium traditional liquor maker, said yesterday that it expected its net profit to grow 73.49% year on year to RMB 8.76 billion in 2011.
Basic earnings per share were estimated at RMB 8.44 last year, said the liquor maker in a statement.
Kweichow Moutai's unaudited operating revenue surged 58.19% year on year to RMB 18.4 billion in 2011.
company is due to release its annual report on Mar. 30.
Because of high gross profit margin in the Chinese liquor industry, both domestic and foreign capital has showed keen interest in the sector. In the first three quarters of 2011, the liquor industry's gross profit margin reached 70.64%, much higher than those of the property, gold and oil exploitation sectors, according to statistics released by Wind Information Co.