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Luzhou Laojiao's profit soars 31.73% to RMB 2.91 bln in 2011

Apr. 20, 2012 (China Knowledge) - Luzhou Laojiao Co Ltd<000568>, which is engaged in the production and sale of liquor under the Luzhou Lao Jiao brand, yesterday posted RMB 2.91 billion-net profit attributable to shareholders for 2011, reflecting a year-on-year increase of 31.73%.

Earnings per share were RMB 2.08 and a dividend of RMB 1.40 per share was declared.

Last year, the Shenzhen-listed firm's operating revenue surged 56.92% from a year earlier to RMB 8.43 billion, of which RMB 5.64 billion was contributed by its high-end liquor products, surging 60.33% year on year with profit margin of 81.93%.

The profit margin of medium and low-end liquor products stood at 29.89%, 6.05 percentage points lower than that of 2010.

The Chinese liquor supplier sold 142,900 tons of liquor in 2011.

In addition, Luzhou Laojiao has started trial operation on a 100,000-ton liquor storage with an investment of RMB 389 million, sources reported.

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