High spirits at Moutai
(China Daily)Updated: 2007-04-04 09:37
Kweichow Moutai Co posted a 32-percent gain in
fourth-quarter profit on rising incomes that enabled people to drink more
high-end liquor.
Net income rose to 553 million yuan from 417.5 million yuan a year earlier. Sales increased to 1.65 billion yuan from 1.35 billion yuan. The Guizhou Province-based company also forecast that 2007 sales would rise 15 percent.
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