News
Tsingtao Brewery first quarter profit up 40 pct
China's Tsingtao Brewery posted a 40 percent increase in firs
t quarter net profit on higher sales, as its distributors stocked up ahead of increases in the prices of it beer products. Tsingtao, in which Asahi Breweries holds a stake of more than 19 percent, said its net profit rose to 393.4 million yuan ($60.4 million) for the three months through March, from 280.9 million yuan a year earlier.
written on 29.04.2011 um 07:29.
[overview]
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