The Chinese brewery, Guangdong Brewery Holdings Ltd, has reported a net profit for the first half of 2003 of HK$46.13m, up 6.1% from HK$43.49m in the first half of 2002.

Operating profit rose by 9% from HK$57.98m to HK$63.17m on sales 4.8% higher at HK$289.64m.