CHINA: Tsingtao sees sales leap in 2001
China's biggest beer producer Tsingtao Brewery reported that on the back of rising beer sales its net profit for the fiscal year ended December 31 were up 31% to CNY83.5m (US$10.08m).
With beer sales up to 251m tonnes, a jump of 35%, revenues were up 37% to CNY4.72 billion from CNY3.45 billion. The brewer will pay a final dividend of 11 fen compared with 10 fen a year earlier.
Tsingtao owns 46 brewery plants in China with a total production capacity of 380m tonnes and an 11% market share.
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