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Food & Beverage

Snow beer brewer says inventory hangover weighs on sales

China Resources Beer pretax profit drops 42% in Jan and Feb

Snow beer lines the shelves at a supermarket in Dalian, China. 

HONG KONG (Nikkei Markets) -- China Resources Beer, the nation's largest brewer, warned that the sales lost to the new coronavirus outbreak will be hard to recover this year, although demand and production are expected to be gradually restored.

Sales, which have been hit by fewer customer visits at supermarkets and restaurants as well as the impact of quarantines on logistics, could fully return by June, Chief Executive Jason Hou said on a conference call.

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