Jiangsu King's Luck Brewery H1 Profit, Revenue Down 7%

MT Newswires Live

08/18

Jiangsu King's Luck Brewery (SHA:603369) posted first-half attributable net profit of 2.08 billion yuan, down 6.6% from 2.23 billion yuan the previous year.

Earnings per share slid to 1.67 yuan from 1.79 yuan, according to a Tuesday filing with the Shanghai bourse.

The distilled spirit producer's operating revenue declined 7.4% year over year to 6.44 billion yuan from 6.95 billion yuan.

Shares of the company were down 1% in recent trade.

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