Sales, earnings up at Dukang Distillers despite challenging year
Chinese white wine maker Dukang Distillers Holdings has posted a 52.5 per cent rise in second quarter net profit to 144 million yuan (S$28.6 million).
Revenue for the three months ended Dec 31 was up 36.7 per cent at $738.3 million.
On a quarterly basis, the group's revenue registered a jump of 81.6 per cent from the first quarter, with overall sales volume increasing by 75.5 per cent to 17,871 tonnes.
Typically, the second and third quarters will experience peak sales as demand for baijiu, or Chinese white wine, increase due to colder weather as well as during the major Chinese holidays and festivities during the period.