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Wuliangye's Jan-Sept net profit up 44.7%

(Xinhua)
Updated: 2009-10-19 14:38

Wuliangye Yibin Co, Ltd, one of China's top liquor producers, announced Sunday evening that its net profit in the first three quarters rose 44.67 percent year-on-year to 2.299 billion yuan ($336.7 million).

Related readings:  Wuliangye comes under regulator's glare  Wuliangye fights to stay high  The booming business of baijiu  China's Kweichow Moutai net profit up 24.6% in H1

Business revenue in the first nine months increased 22.06 percent to 8.03 billion yuan, the southwestern Sichuan-based liquor maker said in a statement to the Shenzhen Stock Exchange.

The company attributed the net profit and revenue rise to its improved products mix, stepped-up marketing efforts and reduced production costs.

The equities of the Shenzhen-listed firm ended at 21.41 yuan per share on Friday, up 0.99 percent from the previous close.