Tsingtao brew of choice for more suds lovers

Tsingtao Brewery Co Ltd generated higher first-half top and bottom line growth rates, fueled by ongoing investments in middle- and high-end products.

In the first six months, the company achieved revenue of 21.6 billion yuan ($2.96 billion), up 12 percent year-on-year, selling 5.02 million kiloliters of beer, up 6.5 percent.

Net profit attributable to shareholders increased 20.1 percent to 3.43 billion yuan. Its core Tsingtao Beer product achieved sales of 2.81 million kl, up 8.2 percent. Medium- and high-end product sales grew 15 percent to 1.97 million kl, with sales of its medium and high-end products making up about 70 percent of its total sales.