File photo shows workers verifying the packages of the white spirit of Swellfun in a workshop in Chengdu, capital of southwest China's Sichuan Province. (Xinhua/Li Qiaoqiao)
BEIJING, Feb. 2 (Xinhua) -- China's leading liquor maker Sichuan Swellfun Co. Ltd. forecast a significant profit increase in 2021, surging 64 percent year on year.
Net profits are likely to increase about 468 million yuan (about 73.58 million U.S. dollars), according to a statement filed to the Shanghai Stock Exchange.
Revenues are expected to rise about 54 percent from a year earlier.
The company said its sales jumped around 40 percent year on year, driven up by booming sales of mid to high-end liquor.
The company attributed its robust revenue and profit growth to a low comparison base and more social gatherings in 2021 as COVID-19 had been put under effective control, according to the statement. ■
