Tsingtao Brewery has seen its first half income leap 20% on the back of rising sales.

China's largest brewer saw net income for the six months reach Y173.64m (US$21.4m) compared with Y144.8m a year earlier.

Turnover was up 15% to Y4.46 billion.

Anheuser-Busch is Tsingtao Brewery's biggest non-government shareholder, with a 27% stake.
 
Tsingtao achieved its results despite battling rising competition in the country as well as rising costs from transportation, power and raw materials.

The company, which is based in eastern Shandong province, said it plans to make higher-margin beer to boost margins.