Moutai 2015 Earnings Miss Estimates as Price Cuts Hit LimitRachel Chang
Liquor-maker's net income for 2015 rose 1% to $2.4 billion
Payments due to Moutai almost quintupled to $1.3 billion
Luxury liquor-maker Kweichow Moutai Co. reported 2015 profit that fell short of analysts’ expectations as the price cuts it used to prop up demand for its baijiu, a white spirit popular in China, reached limits amid the government’s austerity campaign.
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