23 March, 2007

China: Chongqing Brewery's 2006 net profits up 88.16%

Chongqing Brewery Co., Ltd. sold CNY 1.813 billion worth of beer of 955,000 kiloliters in 2006, jumping 21.62% and 29.05% over the previous year, revealed its 2006 report, according to SinoCast China Business Daily News, March 23.

The net profits hit up to CNY 148 million, a surge of 88.16% over 2005 and the earnings per share were CNY 0.52 at the same time.

The company intended to distribute three shares plus CNY 2 cash (including tax) for every ten shares to all shareholders.

The brewer hailed the fastest sales growth in Chongqing Municipality, the largest city in southwestern China, and Zhejiang, an eastern coastal province in the country, in the year, 25.52% and 33.12% respectively.

The Chongqing-based company will further strengthen regional integration, build regional profit center, and improve brand construction to reply to new competition and challenge.

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