Statistics

Shanxi Fenjiu Liquor Group's 2009 net profit jumps 45%

(Xinhua)
Updated: 2010-04-10 14:16

BEIJING- Shanxi Fenjiu Liquor Group Co Ltd, China's well-known white spirit maker, said Friday its 2009 net profit soared 44.79 percent in its annual report filed with the Shanghai Stock Exchange.

The company said its net profit jumped to 354.99 million yuan ($51.96 million) last year. Earnings per share rose 44.8 percent to 0.82 yuan.

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The company said its profit growth was largely due to last year's rising sales and it expected to keep such good growth momentum this year as China's economy recovered from the global economic downturn.

Farmers' income growth may also bring more profits to the company, the report said.

The company would focus on expanding sales and raising products competitiveness this year, according to the report.

It expected its revenue to rise over 30 percent this year.