Chinese liquor maker Wuliangye Yibin Co Ltd<000858> said its net profit increased 25% from a year earlier to RMB 1.26 billion in the first quarter of this year, Earnings per share stood at RMB 0.33, up 24.81% year on year. Total sales revenue rose 8.19% from a year ago to RMB 3.34 billion, according to the...
McDonald's, the world's biggest fast-food company, said it intends to launch 150 new outlets in China this year, down from 175 it planned previously, owing to declining sales in the first quarter, the Financial Times reported on Thursday.The fast-food giant, which has just opened its 1,000th store in China, said that...
Tingyi (Cayman Islands) Holding Corp<322>, China's largest packaged food maker, said its net profit amounted to US$260.4 million in 2008, up 34% from a year earlier, the Standard reported.According to the company's filing with the Hong Kong Stock Exchange (HKEx), earnings per share were 4.66 US cents and...
Kweichow Moutai Co Ltd<600519>, China's leading traditional liquor maker, announced on Monday its net profit surged 39.35% from a year earlier to nearly RMB 1.22 billion in the first quarter of this year. Earnings per share climbed to RMB 1.29, up 39.35% year on year, according to the company's quarterly report...
Uni-President China Holdings Co Ltd<220>, the Hong Kong-listed unit of Taiwan's Uni-President Enterprises Corp, on Friday announced its net profit dropped 18.9% from a year earlier to RMB 343.8 million in 2008.According to the company's annual report released on Friday, its revenue climbed to about...
China Mengniu Dairy Co Ltd<2319> announced that its net loss hit RMB 948.6 million in 2008, an amount exceeding the amount of net profit it earned in 2007, sources reported. It is the first annual loss for Mengniu since its listing in the Hong Kong stock market in 2004.The annual report shows the company's...
Wahaha Group Co Ltd, one of the largest beverage makers in China, announced that its operating revenue hit RMB 10.3 billion in the first quarter of this year, rising 37.22% year on year, and that its pre-tax profits amounted to RMB 2.9 billion, up 95.68% from a year ago....
New Zealand's Fonterra Co-operative Group, the world's biggest dairy export enterprise, plans to repurchase Sanlu's 15% stake in the Tangshan Fonterra Co-operative Pasture, sources reported.Fonterra currently owns an 85% share of the dairy farm. The assets of Sanlu Group, the bankrupt Chinese company...
A chill has fallen over the local soybean market of Heilongjiang Province, the main soybean production region in China, as more and more genetically-modified soybeans are imported. Dumping is suspected, according to Wu Liqiang, executive secretary-general of the Heilongjiang Soybean Association (HSA).
Tsingtao Brewery Co Ltd<600600><168> said its net profit hit RMB 700 million in 2008, up 25.3% year on year under the Chinese accounting standards. Its sales revenue rose 16.6% from the previous year to RMB 15.78 billion. The company's sales volume amounted to 5.38 million kiloliter, indicating a year-on-...