China: Tsingtao Brewery reports increase in total profit and net profit to shareholders last year

In 2020, China’s Tsingtao Brewery sold a total of 7.823 million kilolitres of its products, marketscreener.com reported on March 5

Total profit increased to RMB3.24 billion from RMB27.26 billion last year, and net profit attributable to shareholders of the company rose to RMB2.20 billion from RMB1.85 billion in 2019.

The company’s operating revenue dropped to RMB27.76 billion from RMB27.97 billion in 2019.

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