Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Financial Market
 Search News  Or
Kweichow Moutai's Q1 net profit up 57.6%

Apr. 26, 2012 (China Knowledge) - Kweichow Moutai Co Ltd<600519>, China's top ultra-premium traditional liquor maker, said yesterday that its net profit surged 57.6% year on year to RMB 2.97 billion in the first quarter of this year.

Basic earnings per share were RMB 2.86 in the first three months, up 57.6% year on year.

The liquor producer saw its operating revenue jump 42.54% from the same period of last year to RMB 6.02 billion.

Kweichow Moutai also said that its board of directors had granted approval to invest RMB 3.58 billion to upgrade technology and build related supporting facilities. The project, which is expected to be completed by the end of 2013, will generate RMB 3.14 billion of sales revenue each year.

The company said earlier that its net profit grew 73.48% year on year to RMB 8.76 billion in 2011 and its operating revenue rose 58.18% to RMB 18.40 billion in the year.






Add this     
Copyright © "2015" 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

 E-Store

 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