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Wuliangye Yibin sees 50% up in H1 profit

Aug. 21, 2012 (China Knowledge) - Shenzhen-listed Wuliangye Yibin Co Ltd<000858>, Chinese liquor giant based in Yibin, Sichuan Province, has announced its net profit attributable to shareholders surged 50.07% YoY to RMB 5.05 billion in the first half of this year.

Basic earnings per share for the period were RMB 1.33, up 50% from a year earlier.

From January to June 2012, the company saw its operation revenue rose 42.05% YoY to RMB 15.05 billion, of which, RMB 14.52 billion was contributed by the sales of liquor, reflecting a YoY increase of 51.74%.

Meanwhile, in another statement filed with Shenzhen Stock Exchange, the liquor giant said it will invest no less than RMB 5 billion to upgrade its technology.

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