Koicho Moutai Firm’s first-half web revenue rose 21%

by Pingjian Wang

Chinese language liquor producer Kweichow Moutai reported a 21% year-on-year enhance in web revenue for the primary half of the 12 months, pushed by robust income development.

Internet revenue rose to 35.98 billion yuan ($5.0 billion) within the first six months, in contrast with 29.80 billion yuan in the identical interval a 12 months earlier, the corporate mentioned late Wednesday.

Income elevated 19% to CNY 90.99 billion, bringing working revenue to CNY 49.89 billion from CNY 41.63 billion a 12 months earlier.

Core model gross sales elevated 19% 12 months on 12 months, reaching CNY 59.28 billion.

Write to Bingyan Wang at bingyan.wang@wsj.com

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