China's Leading Liquor Producer Kweichow Moutai Net Profit up 13.5%

Renowned Chinese liquor producer Kweichow Moutai Co., Ltd. announced Thursday its annual net profit in 2009 rose 13.5 percent to 4.31 billion yuan (631 million U.S. dollars) on strong market demand.

Its annual business revenue increased 17.33 percent year on year to 9.67 billion yuan in 2009, the Guizhou-based firm said in its 2009 annual report.

The drought in southwestern Guizhou Province had not affected the firm's normal production and liquor prices had not changed, said the report.

The A-share price of the upmarket distiller edged up 0.82 percent to 160.06 yuan per share Thursday.