16 July 2019

Kweichow Moutai 11-month net profit up 4.91%, website says

Kweichow Moutai Co. Ltd. (600519.CN) said it posted a net profit of 19.14 billion yuan (US$3.15 billion) in the 11 months to November, up 4.91 percent year on year, news website reported Tuesday, citing president Yuan Renguo. Revenue rose 7.31 percent to 34.76 billion yuan. The company produced 81,420 tons of Baiju, up 17.02 percent year on year. Moutai accounted for 38,452 tons of the total, an increase of 14.44 percent, the report said.

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