Wuliangye posts $2.37b revenue in H1
Updated: 2012-08-20 15:07
By Li Woke (chinadaily.com.cn)
|
||||||||
Shenzhen-listed Wuliangye on Aug 20 said that its first-half sales revenue was 15.05 billion yuan ($2.37 billion), surging 42.05 percent year-on-year.
The Chinese liquor maker said net profit was 5.05 billion yuan in the six months ending on June 30, up 50.07 percent compared with 3.36 billion yuan in the same period last year.
Wuliangye attributed the increase to rising operating revenue in the first half, as well as a higher growth rate of operating revenue than the growth rate of operating costs.
Earlier this month, Shanghai-listed Kweichow Moutai Co Ltd said its net profit in the first half increased 42.56 percent year-on-year to 7 billion yuan.
As Chinese stock markets fell 33 percent in 2010 and 2011, Moutai was a standout performer, rising 25 percent. Wuliangye rose a more modest 3.6 percent, according to Reuters.
- Wuliangye to speed up M&A activities
- Wuliangye's Q1 profit soars 47%
- Wuliangye liquor auctioned for $155,687 in E China
- Wuliangye liquor auctioned for $155,687 in E China
- Chinese liquor maker Wuliangye's 2010 net profit up 33.91%
- Wuliangye jacks up prices by 30%
- Wuliangye reports net profit up 41%
- Liquor maker Wuliangye's Q1 net profit up 21%
- Relief reaches isolated village
- Rainfall poses new threats to quake-hit region
- Funerals begin for Boston bombing victims
- Quake takeaway from China's Air Force
- Obama celebrates young inventors at science fair
- Earth Day marked around the world
- Volunteer team helping students find sense of normalcy
- Ethnic groups quick to join rescue efforts
Most Viewed
Editor's Picks
Supplies pour into isolated villages |
All-out efforts to save lives |
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
Today's Top News
Health new priority for quake zone
Xi meets US top military officer
Japan's boats driven out of Diaoyu
China mulls online shopping legislation
Bird flu death toll rises to 22
Putin appoints new ambassador to China
Japanese ships blocked from Diaoyu Islands
Inspired by Guan, more Chinese pick up golf
US Weekly
Beyond Yao
|
Money power |