Tsingtao Brewery Co (HK:0168) has released an update.
Tsingtao Brewery’s latest quarterly report reveals a decline in revenue by 5.28% and net profit by 9.03% compared to the same period last year, despite an increase in net cash flows from operating activities by 22.55%. The company also noted a slight increase in total assets and equity, indicating a mixed financial performance for the quarter. Investors may find the overall growth in total equity encouraging despite the dip in immediate profits.
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