Moutai predicts profit surge

Kweichou Moutai Co, China's biggest baijiu liquor producer in terms of market value, said Thursday its net profits in 2012 are estimated to surge 50 percent compared to a year earlier.

The profit rise is attributable to an increase in both its sale volume and its prices, the liquor producer said in a filing to the Shanghai Stock Exchange.

This, however, compares to the company's profit increase of 58.62 percent during the first three quarters of 2012.