Kwe­i­chow Moutai rev­enue up by 49.8%

China Daily European Weekly - - BUSINESS -

Spirits maker Kwe­i­chow Moutai’s sales rev­enue jumped by 49.8 per­cent year-on-year in 2017, re­flect­ing ro­bust growth in the coun­try’s liquor in­dus­try. Moutai’s net profit reached 27 bil­lion yuan ($4.3 bil­lion; 3.5 bil­lion eu­ros; £3.1 bil­lion), up by 61.97 per­cent year-on-year. Its sales rev­enue dur­ing the pe­riod reached 58.2 bil­lion yuan, the com­pany said on March 27. Last year, Moutai saw its out­put reach 63,787 metric tons. China’s al­co­hol in­dus­try earned about 1 tril­lion yuan in rev­enue in 2017.

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