Macao & Hong Kong: Tsingtao revenues up 13.5% in H1 2014

Tsingtao Beer’s revenues from Macao, Hong Kong and overseas increased by 13.5 percent to RMB243 million (MOP316 million, US$39.6 million) in the first half of the year from RMB214.1 million in the corresponding period a year earlier, Tsingtao Brewery Co Ltd announced in its interim report filed with the Hong Kong Stock Exchange.

While the company separates its segments by region, that of Macao, Hong Kong and overseas are combined. Profits for this segment totalled RMB26.3 million between January and July, according to the company’s financial results. That is an increase on the RMB25.2 million profit posted in the same period a year earlier.

Total revenue from external customers in Hong Kong and Macao increased to RMB126.7 million for the first six months of the year from RMB122.2 million in the corresponding period in 2013.

The company’s overall net profit was RMB186.7 million (MOP239.1 million, US$29.9 million) for the first six months of the year, a 74.8 percent drop from the RMB741.1 million recorded in the same period a year earlier. On the other hand, the company’s revenues increased to RMB9.99 billion from RMB8.94 billion.

Tsingtao Brewery’s consolidated net profit – including that of the main company and its subsidiaries – was RMB1.44 billion for the months between January and the end of June, a slight increase of 1 percent compared to the same period a year ago.

26 September, 2014