China's drink sector profits up 25.2 pct in Jan.-May

Source: Xinhua | 2018-07-03

China's beverage manufacturing industry saw its profits rise 25.2 percent in the first five months of this year, according to latest industry data.

Total profits amounted to 84.53 billion yuan (12.7 billion U.S. dollars) as revenue rose 10.8 percent year on year to some 674.9 billion yuan, according to a research report by Askci Consulting.

Askci attributed the substantial improvement in industrial performance to the industry's ongoing structural reform.

During the Jan.-May period, loss-generating enterprises posted total losses of 3.82 billion yuan, down 4.7 percent on a yearly basis, according to Askci.