Chongqing Brewery Co has reported a jump in third quarter net profit to CNY24.15m (US$2.99m). The figure stood at CNY18.02m in the same period last year.

The rise came on the back of an increase in revenue for the period to CNY549.92m from CNY445.42m in the third quarter the year before.

UK brewer Scottish & Newcastle holds a 19.5% stake in Chongqing in the form of nontradable shares through its unit S&N Asia Pacific Ltd.