Kweichow Moutai revenue up by 49.8%
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.