Wuliangye's First-Half Net Profit Climbs
Yicai Global
/SOURCE : Yicai
Wuliangye's First-Half Net Profit Climbs

(Yicai Global) Aug. 24 -- The revenue of premium Chinese Baijiu producer Wuliangye Yibin Co. Ltd. [SHE:000858] rose 18.19 percentage points annually to USD584 Million (CNY13.256 billion) on growing sales of liquor products, according to its first-half results. Net profit was CNY3.887 billion, up 17.87 percentage points from a year ago.

Wuliangye has successfully met its goal for the first half in terms of revenue. Previously, the company set its business goal for 2016 at no less than CNY23.8 billion in revenue, representing an increase of no less than 10 percentage points from a year ago, and CNY8.8 billion in profit, representing a gain of 10 percentage points from last year.

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