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Wuliangye '09 net profits up 79%

By Zhao Tingting (chinadaily.com.cn)
Updated: 2010-03-19 15:11

Wuliangye Yibin Co, one of China's top liquor producers, made net profits of 3.25 billion yuan ($476.10 million) in 2009, up 79.18 percent year-on-year, cnstock.com reported Friday, citing the company's annual report.

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The company sold 84,500 tons of liquor in 2009, 11.48 percent higher than the previous year. Sales revenue rose 40.29 percent year-on-year to 11.13 billion yuan.

It plans to pay cash dividends of 0.15 yuan per share to investors.

Shenzhen-listed Wuliangye projected an increase of 20 percent in both sales revenue and net profits in 2010 in the annual report.

The company also announced several investment plans, including establishing five liquor plants with an input of 130 million yuan, according to the report.