CHINA: Tsingtao shows recovery from SARS
By just-drinks.com editorial team | 29 October 2003
Tsingtao had a difficult first half of the year as the SARS crisis contributed to a 5.22% drop in net profit.
As profits rose, so did production. In the first nine months, overall beer output rose by 9% to 2.76m litres.
The Chinese brewer did not give a full-year profit forecast, but stated that the winter months were traditionally a slow time for beer sales.
Sectors: Beer & cider