English French Dutch Spanish German Russian Italian Portuguese Portuguese Danish Greek Ukrainean Chinese Polish Korean
Logo Slogan_Ukrainean


CASTLE MALTING NEWS in partnership with www.e-malt.com Ukrainean
19 August, 2018



Brewing news China: China Resources Beer posts 29% rise in H1 net profit

China Resources Beer (Holdings) Co Ltd on August 17 posted a 29 percent rise in first-half net profit thanks to an increase in average selling prices and improved sales of higher-margin premium beers, Reuters reports.

The owner of the Snow beer brand said profit rose to 1.51 billion yuan ($219.35 million) for the six months ended June from 1.17 billion yuan year earlier.

Revenue increased l1.4 percent to 17.57 billion yuan.

The overall average selling price increased 13 percent from a year earlier amid moderate price adjustment of certain products and continuous growth in the proportion of mid- to high-end beer sales volume.

Heineken, the world’s No. 2 brewer, is taking a $3.1 billion stake in the parent of China Resources Beer, the country’s top brewer, to tap a growing thirst for premium brands in the world’s biggest beer market.

Shares of China Resources Beer fell 0.6 percent prior to the results statement, lagging 0.6 percent gain in the benchmark index.





Назад



E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .














Loading