17 February 2020

Kweichow Moutai 2013 net profit up 13.74%, filing says

Chinese distiller Kweichow Moutai Co. Ltd. (600519.CN) said its 2013 net profit rose 13.74 percent year on year to 15.14 billion yuan (US$2.44 billion), according to a regulatory filing Monday. Revenue in the period increased 16.88 percent to 30.92 billion yuan, while earnings per share were 14.58 yuan. The company proposed a cash dividend of 43.74 yuan plus one share for every 10 shares. The liquor producer said 2014 will be a tougher year for baijiu and it expected to post 3 percent growth in revenue this year, according to the filing.

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