China's top liquor brand reports strong growth in first three quarters
Source: Xinhua | 2021-10-23
China's top liquor brand Kweichow Moutai saw its sales revenue increase 11.05 percent year on year in the first three quarters of this year, the company said on Friday.
Its sales revenue during the period surpassed 74.64 billion yuan (about 11.68 billion U.S. dollars), with its net profit exceeding 37.26 billion yuan, up 10.17 percent year on year.
The company's sales revenue in the third quarter was 25.55 billion yuan, up 9.86 percent year on year, with its net profit reaching 12.61 billion yuan, up 12.35 percent year on year.
Distilled in the town of Maotai in southwest China's Guizhou Province, Moutai is often served at state banquets.