CHINA: Tsingtao sees sales, profits leap in H1

By | 28 August 2007

Tsingtao Brewery has posted a healthy climb in profits for the first half of this year.

The Chinese company, which is 27%-owned by Anheuser-Busch, said yesterday (27 August) that net profit for the six-month period was up by an impressive 63.4% on the corresponding period a year earlier, hitting CNY347.57m (US$45.92m).

In volume terms, sales for the half rose by 24.6% to 19.04m hectolitres.

Looking forward, Tsingtao said it expects sales - in volume terms - for the full-year to reach 50.8m hectolitres, which would be a 12% increase on 2006.

Earlier this month, Tsingtao was reportedly looking to increase production capacity in China by around 1m tons. By the end of this year, Tsingtao should have completed five expansion projects in the country, adding the extra capacity, reports from the country claimed.

Sectors: Beer & cider

Companies: Tsingtao, Anheuser-Busch

View next/previous articles

Currently reading -

CHINA: Tsingtao sees sales, profits leap in H1

There are currently no comments on this article

Be the first to comment on this article

Related articles

CHINA: Tsingtao amends net profit following tax change

Tsingtao Brewery Co. has lowered its net profit for the first nine months of last year due to a tax revision.

CHINA: Tsingtao Brewery to buy minority stakes

Tsingtao Brewery is looking to buy the minority stakes in 22 units that it does not already own from its parent company.

US: Boston Beer Company, Anheuser-Busch lead US brewing charts - research

The Boston Beer Company has been rated as the largest craft brewing company in the US, according to recent research.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page