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Tsingtao Brewery says H1 profit up 30%

Tsingtao Brewery says H1 profit up 30%

Write: Lyre [2011-05-20]

BEIJING - Tsingtao Brewery Co, China's second-largest brewer by volume, said Monday its profit for the first half of the year climbed 29.74 percent year on year as sales of its high-end beers surged.Net profit totaled 830 million yuan ($122 million) in the first six months as sales increased 9.3 percent to 9.81 billion yuan.Earnings per share rose to 0.614 yuan, up 25.56 percent from a year earlier, the brewer said in a statement filed with the Shanghai Stock Exchange.

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