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Yanghe Brewery's H1 profit up 75%

Aug. 23, 2012 (China Knowledge) - Jiangsu Yanghe Brewery Ltd<002304>, a liquor producer and seller, has said its net profit attributable to shareholders reached RMB 3.17 billion in the first half of this year, reflecting a YoY increase of 74.98%, according to a statement filed with the Shenzhen Stock Exchange.

Basic earnings per share were RMB 2.94 for the period, more than RMB 1.68 it realized in the corresponding period of last year.

From January to June, the liquor maker saw its operation revenue surge 50.85% from a year earlier to RMB 9.31 billion.

In the first quarter of this year, Yanghe Brewery booked RMB 5.96 billion in operation revenue, up 64.06% YoY, and its net profit for the quarter jumped 88.82% YoY to RMB 2.21 billion, China Knowledge reported earlier.

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