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Kweichow Moutai expects 51% growth in 2012

May. 23, 2012 (China Knowledge) – Kweichow Moutai Co Ltd<600519>, China's top ultra-premium traditional liquor maker, expects its operation revenue for 2012 to increase about 51% YoY to RMB 27.79 billion, mainly because of the growth in sales.

In a statement filed with Shanghai Stock Exchange, the liquor maker said that if the ratio between net profit and operation revenue remain consistent with 2011, the company will realize RMB 13.23 billion in net profit this year with earnings per share of about RMB 12.75.

Last month, Kweichow Moutai opened its first self-owned store in Guiyang, Guizhou province, and aims to open 31 self-owned stores by the end of 2012.

In the first quarter of this year, the company saw its net profit surged 57.6% YoY to RMB 2.97 billion. Basic earnings per share were RMB 2.86 in the period, China Knowledge reported earlier.

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