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Chinese liquor giant Wuliangye's profit soars 46.54% in Q1

Apr. 20, 2012 (China Knowledge) - Shenzhen-listed Wuliangye Yibin Co Ltd<000858>, Chinese liquor giant based in Yibin, Sichuan Province, yesterday said it earned RMB 3.05 billion in net profit attributable to shareholders in the first quarter of 2012, reflecting a year-on-year increase of 46.54%.

The net profit accounted for 49.54% of RMB 6.16 billion the company reaped in the whole year of 2011.

For the three months ended Mar. 31, 2012, the liquor giant saw operating revenue increase 31.81% year on year to RMB 8.23 billion. Earnings per share were 80.4 RMB cents, compared with 54.8 RMB cents in the first quarter of last year.

Wuliangye Yibin had RMB 38.86 billion in total assets at the end of March 2012, it had RMB 36.91 billion as of Dec. 31, 2011.

Board Chairman Tang Qiao has noted the company, which owns an annual output capacity of 200,000 tons, expects to add a capacity of 100,000 tons next year to meet market demand.






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