Global EditionASIA 中文双语Français
Business
Home / Business / Companies

Net profit of China's top liquor brand posts strong growth in H1

Xinhua | Updated: 2022-08-03 17:09
Share
Share - WeChat
Workers oversee baijiu bottling at China Kweichow Moutai Distillery Co's plant in Guizhou province. [Photo/Agencies]

GUIYANG - China's leading liquor maker Kweichow Moutai posted a net profit of 29.79 billion yuan ($4.4 billion) in the first half of 2022, up 20.85 percent year-on-year.

From January to June, its revenue climbed 17.38 percent year-on-year to 57.62 billion yuan, according to a report released by the company on Tuesday night.

Last year, the revenue of the alcohol maker reached 109.46 billion yuan, a year-on-year increase of 11.71 percent. Its profits totaled 74.53 billion yuan, up 12.59 percent in 2021.

Distilled in the town of Maotai in Southwest China's Guizhou province, this famed liquor is often served at state banquets.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE