News

CHINA: Tsingtao H2 earnings soar

Most popular

Consumers need help in making healthier choices

Can 'community commerce' solve DTC woes?

Aged spirits in 2021 - just-drinks predicts

Interview - William Grant senior category director

Wine in 2021 - just-drinks predicts

MORE

Tsingtao Brewery has posted an impressive leap in earnings for the second half of 2006.

The Chinese brewer, which is 27%-controlled by Anheuser-Busch, said today that earnings in the latter six months of last year came in 77% up on the corresponding period last year, hitting CNY235.1m (US$30.47m), compared to CNY132.9m a year earlier.

Net profit for the year hit CNY447.9m against CNY306.6m in 2005.

Tsingtao is fighting tooth and nail with SABMiller's China Resources Snow Breweries, which holds 15% share of the Chinese beer market. Tsingtao is just behind Snow, with around 14%.


Sectors: Beer & cider

Companies: SABMiller

Related Content

Asahi asset tidy continues with Tsingtao Brewery Co stake poised for offload

Asahi asset tidy continues with Tsingtao Brewery Co stake poised for offload...

Signs of trouble as Heineken faces China distribution gap - comment

Signs of trouble as Heineken faces China distribution gap - comment...

Asian beer brands spike in value as China premiumises - study

Asian beer brands spike in value as China premiumises - study...

Is Heineken risking too much to chase Anheuser-Busch InBev in China? - Comment

Is Heineken risking too much to chase Anheuser-Busch InBev in China? - Comment...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?