China’s Kweichow Moutai Lifts Profits in 1st Quarter – Xinhua

China’s leading liquor maker Kweichow Moutai saw its net profit rise about 19% year on year to nearly 16.6 billion yuan ($2.6 billion) in the first quarter of 2022.

It also generated an operating revenue of about 33.1 billion yuan, an annual increase of about 18%, the company said in its first-quarter earnings report.

Read the full report: Xinhua

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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