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Tuopai Shede Wine posts 211.94% surge in profit for H1

Aug. 15, 2012 (China Knowledge) - Liquor maker Sichuan Tuopai Shede Wine Co<600702> announced yesterday that its net profit jumped 211.94% YoY to RMB 186 million in the first half of this year, driven by a significant increase in liquor sales.

Basic earnings per share were RMB 0.55 during the period, said the company in its interim report.

The company saw its gross profit margin increase by 10.16 percentage points to 54.28% in the first six months.

Operating revenue soared 60.30% YoY to RMB 868 million in the period.

Kweichow Moutai Co Ltd<600519>, China's top ultra-premium traditional liquor maker, has announced its net profit attributable to shareholders hit RMB 7 billion in H1, reflecting a YoY increase of 42.56%, China Knowledge reported earlier.

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