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Golden Seed Winery forecasts 50% surge in H1 net profit

Jul. 18, 2012 (China Knowledge) - Anhui Golden Seed Winery Co Ltd<600199> said yesterday that it expected its net profit to grow more than 50% in the first half of this year.

The Shanghai-listed company attributed the strong growth in net profit to a significant increase in revenue from its liquor business.

In the first half of 2011, the company's net profit attributable to its shareholders soared 134.43% YoY to RMB 201 million, and its operating revenue rose 53.88% to RMB 992 million.

Anhui Golden Seed Winery earlier reported a net profit of RMB 193.30 million for the first quarter of this year, 60.44% more than in the same period of last year. Core business revenue increased 17.05% to RMB 733.23 million in the period.







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