Beijing Yanjing Brewery Q3 profit rises
Beijing Yanjing Brewery Q3 profit rises
Overview
Beijing Yanjing Brewery is a subsidiary of Beijing Enterprises Holdings Limited
China brewery subsidiary's Q3 revenue rose 4.34% yr/yr to RMB 14.02 bln
Profit for the period increased 22.26% yr/yr
Net profit attributable to shareholders of Yanjing Brewery grew 20.56%
Outlook
Company did not provide specific guidance or commentary on future performance in its press release
Result Drivers
REVENUE GROWTH - Co said Q3 revenue rose 4.34% yr/yr
PROFIT INCREASE - Co reported profit for the period up 22.26% yr/yr
ATTRIBUTABLE NET PROFIT - Net profit attributable to shareholders of Yanjing Brewery grew 20.56% yr/yr
Company press release: Full Story
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| RMB 14.02 bln |
|
Q3 Net Profit |
| RMB 2.13 bln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the natural gas utilities peer group is "buy"
Wall Street's median 12-month price target for Beijing Enterprises Holdings Ltd is HK$34.00, about 13.2% above its October 27 closing price of HK$30.04
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 5 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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Brief: Beijing Enterprises Posts FY Results For Beijing Yanjing Brewery