Costs pressurize earnings
Date:2007/09/11 Source:
TSINGTAO Brewery Co (stock code: 600600), China's second-largest beer producer, expects rising material and energy costs to put pressure on earnings in the second half, the South China Morning Post reported yesterday, citing Vice Chairman Jin Zhiguo.
The company is restructuring production to increase productivity, the newspaper reported, without elaborating. The higher cost of barley, a main ingredient in beer, may put pressure on Tsingtao's profit, according to a Shenyin Wanguo Research & Consulting Co report released last month.
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