Luzhou Laojiao's Q3 Profit Falls 13%, Revenue Slips 10%; Shares Up 4%

MT Newswires Live10-31

Luzhou Laojiao's (SHE:000568) net profit attributable to shareholders fell 13% year on year to 3.10 billion yuan, according to a Shenzhen bourse filing on Friday.

Earnings per share slid 14% from a year earlier to 2.10 yuan.

Operating revenue dropped 9.8% year on year to 6.67 billion yuan.

The Chinese alcoholic beverage manufacturer's shares rose 4% during the midday trade Friday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment