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Luzhou Laojiao's profit up 47.12% in Jan-Sep

Oct. 19, 2012 (China Knowledge) - Luzhou Laojiao Co Ltd<000568>, which is engaged in the production and sale of liquor under the Luzhou Lao Jiao brand, has announced its net profit attributable to shareholders surge 47.12% YoY to RMB 2.95 billion in the first nine months of this year.

In a statement filed with Shenzhen Stock Exchange, the company said the huge growth in net profit was mainly due to good liquor sales.

From January to September, Luzhou Laojiao saw its operation revenue reach RMB 8.01 billion, reflecting a YoY increase of 42.3%, while basic earnings per share for the period were RMB 2.11, UP 46.74% YoY.

The liquor maker expected its net profit for this year to increase between 50% and 60% YoY to RMB 4.36 billion and RMB 4.65 billion.

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