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Wuliangye Yibin expects 50.07% surge in H1 net profit

Jul. 9, 2012 (China Knowledge) - Shenzhen-listed Wuliangye Yibin Co Ltd<000858>, Chinese liquor giant based in Yibin, Sichuan Province, announced yesterday that it expected its net profit to jump 50.07% YoY to RMB 5.05 billion in the first half of this year.

The company said in a statement that basic earnings per share were estimated at RMB 1.33 during the period.

Wuliangye Yibin said that strong growth in net profit was due to a significant increase in operating revenue. The liquor maker is due to release its interim report on Aug.20.

The company earned RMB 3.05 billion in net profit attributable to shareholders in the first quarter of 2012, reflecting a YoY increase of 46.54% and equivalent to 49.54% of the RMB 6.16 billion the company reaped in the whole year of 2011, according to an earlier report from China Knowledge.







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