CHINA: Wine group Wuliangye posts rising profits

By | 18 October 2006

Chinese wine producer Wuliangye Yibin Co. has posted a leap in third-quarter profits, according to local reports.

The company, based in China's south-western Sichuan province, saw net profit leap 10.6% to CNY199.8m (US$25.2m) thanks to higher selling prices.

Revenues rose 34.5% to CNY1.6bn, according to a report from the AFX Asia news agency today (18 October).

Wuliangye is understood to be looking to become one of China's top three domestic wine producers.

Wine consumption is on the rise in China and elsewhere in Asia. Wine show organisers Vinexpo have predicted that wine consumption is to leap 16% between 2003 and 2008 to 767m litres.

Sectors: Wine

Companies: Vinexpo

View next/previous articles

Currently reading -

CHINA: Wine group Wuliangye posts rising profits

There are currently no comments on this article

Be the first to comment on this article

Related articles

The just-drinks interview – Jean-Marie Chadronnier

Despite being only a few days into 2007, attention is already turning towards the summer and the exhibition season. Earlier this month, the team that organises the biennial Bordeaux extravaganza Vinexpo came to London to discuss this year's show. Olly Wehring met with Vinexpo president Jean-Marie Chadronnier to find out what attendees can look forward to.

GLOBAL: China, Russia to break through - Vinexpo

China and Russia are set to break into the top ten of light wine consuming countries by 2010, according to research from wine trade fair Vinexpo.

FRANCE: NZ wine body snubs Vinexpo again

New Zealand's wine trade association has snubbed the Vinexpo trade fair for the second show running.

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