Industry News       English French Dutch Spanish German Russian Italian Portuguese Portuguese Danish Greek Romanian Ukrainean Chinese Polish Korean
Logo Slogan_English

CASTLE MALTING NEWS in partnership with
26 August, 2022

Brewing news China: Tsingtao Brewery’s first-half net profit up 18.1%

Tsingtao Brewery Co.'s first-half net profit rose 18.1% supported by higher beer sales and increased contributions from its associate and joint venture companies.

Net profit for the period ended June was 2.85 billion yuan ($362.75 million), with revenue increasing 5.4% annually to CNY19.27 billion, Tsingtao said late on August 25.

However, the company said its domestic beer production was hit in the first half due to Covid-19 curbs in mainland China.

The brewer's overseas market achieved a 21% year-on-year increase in sales.

As of end June, Tsingtao's cash at hand rose to CNY17.59 billion compared with CNY14.60 billion a year earlier.

Back, the global information source for the brewing and malting industry professionals. The bi-weekly 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 If you are a Castle Malting client, you can get free access to website and publications. Contact us for more information at .

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.   

(libra 0.2031 sec.)