China Resources Beer 2023 Net Rose on Higher Sales
By P.R. Venkat
China Resources Beer's 2023 net profit rose due to higher beer sales as the lifting of pandemic-related restrictions supported overall business.
Net profit rose 18.7% in the year to 5.15 billion yuan ($715.7 million), while consolidated revenue grew 10.4% to CNY38.93 billion , the company said Monday.
China Resources Beer also announced that it planned to pay a special dividend of CNY0.300 per share, bringing the overall 2023 payout to CNY0.936 per share.
"The recovery of China's economy is still at a critical stage, and the long-term trend remains positive," it said.
Write to P.R. Venkat at venkat.pr@wsj.com
(END) Dow Jones Newswires
March 18, 2024 00:57 ET (04:57 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
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