News Formal

Moutai’s charitable turn will be real market drag

  • 📰 Breakingviews
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Kweichow Moutai’s mediocre third-quarter results shaved nearly $14 billion from its market cap. It is also giving handouts to local governments even as state investors dumped shares the company gave them. There’s probably more to come: ywchen1

Kweichow Moutai said on Oct. 26 its net profit grew by 11.2 billion yuan in the third quarter, up 6.9% from a year ago, missing analyst forecasts.

According to the company’s earnings report, one of the company’s biggest shareholders, Guizhou State-Owned Capital Management, reduced its holdings by nearly 16.8 million shares in the third quarter, raising over 28 billion yuan. The liquor company said in a separate statement on Oct. 26 its board of directors approved two proposals to donate up to 806 million yuan to local governments in its home province to improve the logistical and transportation capacity of the company.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 470. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Reuters ywchen1 wow

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

13 Charts That Show The State Of The New York City Real Estate MarketThe drumbeat of headlines have made clear that New York City’s real estate market is weakening. But there are nuances within those trends. Noah_Kirsch Kindly follow me👏🏼 I would follow back asap💯 Noah_Kirsch hi I'm from medellin colombia. I measure 1.85 cms. My shoe size is 44. You can give me clothes, money to buy food for my family. If you want, I will not force you to do it, thank you for being a humanitarian in this covid -19 pandemic Noah_Kirsch I don't mind a follow back..... Evelyn_Hukup let's follow each other.
Fonte: Forbes - 🏆 394. / 53 Leggi di più »