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Kweichow Moutai reports 73.49% surge in 2011 net profit

Apr. 11, 2012 (China Knowledge) - Kweichow Moutai Co Ltd<600519>, China's top ultra-premium traditional liquor maker, said yesterday that its net profit grew 73.49% year on year to RMB 8.76 billion last year.

Basic earnings per share were RMB 8.44, and the liquor maker proposed a dividend of RMB 39.97 per ten shares or RMB 4.15 billion in total.

The company saw its operating revenue increase 58.19% year on year to RMB 18.40 billion in 2011, of which RMB 15.73 billion was from high-degree Moutai-branded alcohol business.

The firm's overall gross profit margin was 91.57% last year, up 0.62 percentage points from the previous year.

Wuliangye Yibin Co Ltd<000858>, based in Yibin, Sichuan Province, said earlier that its net profit surged 40.09% year on year to RMB 6.16 billion last year.

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