By Yi Wei Wong


Tsingtao Brewery Co. reported its net profit rose in the third quarter, buoyed by higher sales.

The brewer said late Wednesday that its net profit rose 18% on year to 1.41 billion Chinese yuan ($196.6 million) in the third quarter.

Revenue rose 16% on year to CNY9.84 billion in the quarter, the brewer said.


Write to Yi Wei Wong at yiwei.wong@wsj.com


(END) Dow Jones Newswires

10-26-22 1957ET