30 October, 2004

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.

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