Robust fundamentals boost Moutai
By Zhu Wenqian in Beijing and Yang Jun in Guiyang | China Daily | Updated: 2018-07-17 07:40
Distiller remains focused on balancing supply shortfall with soaring demand
Kweichow Moutai Co Ltd, China's signature high-end spirit maker, netted double-digit growth rates for its major economic indicators in the first half of the year, the highest recorded in the past few years.
In the first six months of 2018, Moutai achieved sales revenue of 35 billion yuan ($5.23 billion), jumping 37 percent year-on-year. During the same period, the company's net profits expanded by 40 percent, according to its statement released on Sunday.
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