Laobaigan Liquor Earns 25M Yuan In H1

Date:2011-08-26lile  Text Size:

Friday 2011-08-26 
August 26 – Hebei Hengshui Laobaigan Liquor (600559) posted 40-percent growth in interim net profits to 24.5 million yuan, reports China Business News, citing a company filing. Sales revenues grew 23.98 percent to 608 million yuan. Percentage changes cited in this article are year-on-year.

Earnings per share rose 38.46 percent to 0.18 yuan. Operating margin fell 5.34 percentage points to 40.76 percent.

The southern region contributed 90 percent of total revenues. Pig breeding, one of the company's lines of business, earned 19.42 million yuan in revenues, up 5.36 percent. The firm says the pig raising business has become more profitable in the first half of the year.


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