Biz China's Tsingtao Brewery net profit up 68% in H1 2009-Aug-7 10:01:23
Tsingtao Brewery Co Ltd, China's leading beer maker, announced Thursday evening that its net profit surged 67.9 percent year-on-year to 640 million yuan ($93.6 million) in the first half of 2009 because of fast sales growth.
Revenue of the Shandong-based brewery in six months was 9.105 billion yuan, up 15.2 percent year-on-year, the company said in its half-year report to the Shanghai Stock Exchange.
The Shanghai-listed firm's shares had fallen 0.59 percent to 28.48 yuan a share Thursday before the release of the report.