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