OREANDA-NEWS. November 29, 2012. Unaudited consolidated turnover and profit attributable to shareholders increased 16.8% and 33.1%, respectively, to HKD 98,168 million and HKD 3,373 million, reported the press-centre of China Resources.

Excluding the after-tax effect of asset revaluation and major disposals, the Group’s unaudited underlying consolidated profit attributable to the Company’s shareholders for the first nine months of 2012 decreased by 4.8% to HKD 1,799 million.

Turnover of the retail division increased by 21.2% to HKD 63,067 million, while attributable profit increased by 64.4% to HKD 2,242 million.

Beer division reported turnover of HKD 23,786 million and attributable profit of HKD 878 million, representing increases of 7.6% and 1.7%, respectively.

 Mr. Hong Jie, Chief Executive Officer of the Company, said, "Despite a slowdown in China’s economy in the review period, the Group expanded steadily in all its four businesses. With a growth strategy of national expansion that emphasizes strong regional leadership, the Group continued to enhance its presence in China so as to consolidate its leading position in the country’s consumer industry."

About China Resources Enterprise, Limited
China Resources Enterprise, Limited is listed on the Hong Kong Stock Exchange and is one of the constituent stocks of the Hang Seng Index in Hong Kong. The Group focuses on the consumer businesses, including retail, beer, food and beverage in China.