Tsingtao released its H1 results yesterday

Tsingtao released its H1 results yesterday

Tsingtao Brewery has posted a big rise in first-half net profits, according to reports.

Net profits climbed by 38.5% to CNY1.39bn (US$227m) in the first six months of the year, Hong Kong financial website Etnet reported yesterday (29 August). Net sales increased by 12% to CNY15bn over the same period, while volumes were up 10% to 45.8m hectolitres.

The jump was reportedly because of a better product mix and lower raw material costs.

Earlier this year, Tsingtao Brewery, which is 19% owned by Japan's Asahi, posted a 3% increase in net profits for 2012, as sales increased by 11%. 

Expert analysis

Global Beer Tax Tables, 2012

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