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China's Tsingtao Brewery net profit up 68% in H1

(Xinhua)
Updated: 2009-08-07 10:01

Tsingtao Brewery Co Ltd, China's leading beer maker, announced Thursday evening that its net profit surged 67.9 percent year-on-year to 640 million yuan ($93.6 million) in the first half of 2009 because of fast sales growth.

Special Coverage: Interim Results of Listed Companies Related readings:  Net profit of beer producer Yanjing up 25% in H1  Chinese listed companies net profit up 450% in Q1

Revenue of the Shandong-based brewery in six months was 9.105 billion yuan, up 15.2 percent year-on-year, the company said in its half-year report to the Shanghai Stock Exchange.

The Shanghai-listed firm's shares had fallen 0.59 percent to 28.48 yuan a share Thursday before the release of the report.