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Wuliangye net profit falls

2014-03-10 08:49 Global Times Web Editor: qindexing
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High-end liquor producer Wuliangye Yibin Co's net profit dived 19.75 percent year-on-year to 7.97 billion yuan ($1.3 billion) in 2013, said a filing posted on the Shenzhen Stock Exchange late Sunday.

For 2013, the company reported total revenue of 24.72 billion yuan, down 9.13 percent from 2012.

China's high-end liquor market has been cooling down after the central government launched an anti-extravagance campaign in early 2013.

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