HONG KONG (Nikkei Markets) -- Tsingtao Brewery Company, the third-largest beer company in China by volume, reported a 1.6% increase in net profit for the first nine months of 2017 from a year earlier as company's core products recorded higher sales volume.
Net profit for the nine months ended Sep. 30 was 1.87 billion yuan ($281.75 million), as compared with 1.84 billion yuan, the company said in an exchange filing Monday. Revenue rose 1.5% on-year to 23.38 billion yuan.
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