March 21, 2017 / 2:16 PM / 4 months ago

BRIEF-Tsingtao Brewery says net profit for year ended 31 Dec 2016 expected to decrease

1 Min Read

March 21 (Reuters) - Tsingtao Brewery Co Ltd:

* Net profit attributable to shareholders of company for year ended 31 December 2016 is expected to decrease by approximately 39%

* Expected result due to decrease in operating profits of co due to stringent market conditions in 2016

* Company will pay differences in income tax of approximately RMB338.88 million resulted from application of expired preferential income tax rate in years prior to 2007

* According to relevant accounting treatment, company is required to reduce net profit attributable to shareholders of company by approximately RMB338.88 million for year ended 31 December 2016. Source text : (bit.ly/2n9uoL0) Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below