USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Companies

Growth slows for liquor maker Kweichow Moutai

By SHI JING in Shanghai | chinadaily.com.cn | Updated: 2013-04-18 14:14

Growth slows for liquor maker Kweichow Moutai

China's biggest baijiu producer, Kweichow Moutai Co Ltd, made total net profits of 3.59 billion yuan ($581 million) in the first quarter this year, up 21 percent year-on-year. [Photo by Geng Guoqing / Asianewsphoto] 

China's biggest baijiu producer, Kweichow Moutai Co Ltd, made total net profits of 3.59 billion yuan ($581 million) in the first quarter this year, up 21 percent year-on-year, according to a report released by the company on Wednesday.

But the growth rate was much slower than the company's annual average of 51.86 percent last year. Its net profits amounted to 13.3 billion yuan in 2012.

Earnings per share were 3.46 yuan in the first quarter. The company will give shareholders cash dividends of 64.19 yuan with tax included for every 10 shares.

Kweichow Moutai, listed on the Shanghai Composite Index, closed at 178.49 yuan per share on Wednesday. Its price has dropped 15.94 percent in the first three months of this year.

Kweichow Moutai's net profits jump in 2012

Moutai, Wuliangye hit with heavy fines: report

Chinese enjoy 'frugal' and 'green' Spring Festival

Moutai chairman warns of growth slowdown

Moutai's 2012 net profit lower than expected

Kweichow Moutai forecasts profit increase

 

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US