China: Beijing Yanjing Brewery Co., China's third-biggest brewer by output, has announced its third-quarter profit fell 7.74 % year-on-year to 124.4 million yuan (US$15 million). The beer maker attributed the decline to higher costs. The stock lost 0.18 yuan, or 1.4 %, to 12.79, Bloomberg revealed. However, Yanjing Brewery reported a 5.1% rise of net profit up to 263.83.million yuan. During January-September, the brewery sold 21.8 hl of beer, a rise of 28.78% year-on-year.

E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .