Operating revenue during the same period hit Yuan 16.34bn, up 10.95% year-on-year.
In the first three quarters, the company’s beer sales volume rose 6.8% to 5.28 million kiloliters, of which the sales volume of the high-end beers grew 24% to 740,000 kiloliters.
On 10 September, Tsingtao Brewery acquired a factory in Taiyuan, Shanxi province from Jiahe Brewery for Yuan 170m.
Did you know?
The Tsingtao Brewery was founded in 1903 by German settlers in Qingdao, China. Introduced to the United States in 1972, Tsingtao soon became the top-selling Chinese beer in the US market and has maintained this leadership position ever since.
*Source: Tsingtao Brewery/Capital Vu*e
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