25 October, 2006

China: Beijing Yanjing Brewery said 3Q 2006 profit rose 5%

Beijing Yanjing Brewery, China's second-biggest beer producer by market value, said third-quarter profit rose 5 percent, International Herald Tribune published October 23. Net income rose to CHY142 million or $18 million from CHY135.1 million a year earlier. Sales rose 9 percent to CHY2.06 billion from CHY1.9 billion.

Yanjing Brewery’ shares rose 1.94 percent to CHY7.90 after it said its third-quarter net profit rose 5 percent, The Standard commented October 25.

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