Luxury liquor maker Wuliangye Yibin Co. Ltd. (000858.CN) reported a 19.75 percent year-on-year fall in 2013 net profit to 7.97 billion yuan (US$1.30 million), according to a regulatory filing Monday. Revenue for the period was 24.72 billion yuan, down 9.13 percent from a year earlier. Basic earnings per share fell to 2.10 yuan from 2.62 in 2012. The company attributed the fall to a drop in sales of its high-end products brought on by market changes.
– Contact HKEJ at [email protected]