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Tsingtao Brewery H1 Net Profit Up 1.77%

Tsingtao Brewery Co (OTC: TSGTY) reported a 1.77% rise in its net profit for the first half of the year.

Tsingtao Brewery's net profit for the period surged to 1.01 billion yuan ($158.78 million), from CNY989.9 million, in the year-ago period.

Its revenue climbed 11.2% to CNY13.41 billion, versus CNY12.05 billion.

Tsingtao Brewery shares fell 0.03% to close at $58.48 yesterday.

Posted-In: profitEarnings News

 

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