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Wuliangye Yibin's profit for H1 hits RMB 2.26 bln
Source :China Knowledge update : 2010-08-13
Wuliangye Yibin Co Ltd<000858> on Wednesday posted RMB 2.26 billion-net profit for the first half of this year, reflecting a year-on-year jump of 40.91%, and its earnings per share were RMB 0.596.
Operating revenue surged 41.86% year on year to RMB 7.58 billion.
During the period from January to June, the Shenzhen-listed firm, which specializes in manufacturing liquor and related products, saw its revenue derived from sales of high-priced liquor products total RMB 5.56 billion with gross profit margin hitting 85.4%, an amount 2.15 percentage points higher than in the same period of 2009.
Lu Zhou Lao Jiao Co Ltd<000568>, one of the biggest rivals of Wuliangye Yibin, has not yet posted the fiscal result for the first half but saw its net profit for the first quarter reach RMB 679 million.
Operating revenue surged 41.86% year on year to RMB 7.58 billion.
During the period from January to June, the Shenzhen-listed firm, which specializes in manufacturing liquor and related products, saw its revenue derived from sales of high-priced liquor products total RMB 5.56 billion with gross profit margin hitting 85.4%, an amount 2.15 percentage points higher than in the same period of 2009.
Lu Zhou Lao Jiao Co Ltd<000568>, one of the biggest rivals of Wuliangye Yibin, has not yet posted the fiscal result for the first half but saw its net profit for the first quarter reach RMB 679 million.