Tsingtao Brewery H1 Net Profit Up 1.77%

Tsingtao Brewery Co TSGTY reported a 1.77% rise in its net profit for the first half of the year. Tsingtao Brewery's net profit for the period surged to 1.01 billion yuan ($158.78 million), from CNY989.9 million, in the year-ago period. Its revenue climbed 11.2% to CNY13.41 billion, versus CNY12.05 billion. Tsingtao Brewery shares fell 0.03% to close at $58.48 yesterday.