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Luzhou Laojiao's profit up 42.44% in H1

Aug. 10, 2012 (China Knowledge) - Luzhou Laojiao Co Ltd<000568>, which is engaged in the production and sale of liquor under the Luzhou Laojiao brand, announced that its net profit attributable to shareholders surged 42.44% YoY to RMB 2.01 billion in the first half of this year.

Basic earnings per share for the six-month period were RMB 1.44, more than RMB 1.01 it realized in the same period of last year.

According to a statement, the company's operation revenue rose 45.67% from a year earlier to RMB 5.19 billion during the period, including RMB 3.4 billion from its high-end liquor, up 41.27% YoY.

Revenue from southwest China rose 61.96% YoY to RMB 1.53 billion, while those from the northern and central part of China hit RMB 1.51 billion and RMB 845 million, up 35.66% and 41.93% YoY, respectively.

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