date:Apr 03, 2013
nd military officers from extravagance.
Many analysts fear the frugality push will have a sizeable impact on liquor makers, which have been relying heavily on government receptions and business banquets for revenues.
Business revenues of Wuliangye rose 33.66 percent to 27.2 billion yuan, said the liquor distiller, which is based in the city of Yibin of southwestern Sichuan province.
The board proposed a pre-tax cash dividend of 8 yuan for every 10 shares, which could cost the firm 3.04 billion