Moutai 2015 Earnings Miss Estimates as Price Cuts Hit Limit

  • 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.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.