Kweichow Moutai First-Half Net Profit Rose 21%
Provided by
Dow Jones
By Bingyan Wang
Chinese liquor maker Kweichow Moutai posted a 21% on-year rise in net profit for the first half of the year, driven by strong revenue growth.
Net profit increased to 35.98 billion yuan ($5.0 billion) in the first six months, compared with CNY29.80 billion in the same period a year earlier, the company said late Wednesday.
Revenue climbed 19% to CNY90.99 billion, which lifted operating profit to CNY49.89 billion from CNY41.63 billion a year earlier.
Core brand sales increased 19% year-over-year, reaching CNY59.28 billion.
Write to Bingyan Wang at bingyan.wang@wsj.com
(END) Dow Jones Newswires
August 02, 2023 21:01 ET (01:01 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
5 Things We Learned From the Q1 Earnings Season
-
After Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
What’s Happening In the Markets This Week
-
Can the Fed Declare Victory on Inflation?
-
After Earnings, Is Coinbase Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Albemarle Stock a Buy, a Sell, or Fairly Valued?
-
Is ServiceNow Stock a Buy After Earnings and Its Investor Day?
-
3 Stocks to Buy and 3 Stocks to Sell After Earnings
-
Today’s Market Volatility Could Provide Tomorrow’s Opportunities
-
40 of the Best Investment Picks
-
Tech Stock Dividends Are Changing the Face of Dividend Growth Investing
-
Roblox Earnings: Weakening Engagement Has Weighed On Growth
-
The Best Gaming Stocks to Buy
-
Energy Transfer Earnings: M&A Drives Guidance Increase In Solid Quarter
-
The Best Healthcare Stocks to Buy
-
Going Into Earnings, Is Home Depot Stock a Buy, a Sell, or Fairly Valued?