OREANDA-NEWS. November 18, 2013. Unaudited consolidated turnover and profit attributable to shareholders increased 14.5% and decreased 42.5% year-on-year to HKD112,440 million and HKD 1,938 million, respectively.

The attributable profit reduction was mainly due to the asset revaluation in the previous year, a
non-recurring item this year.

Excluding the after-tax effect of asset revaluation and major disposals, the Group’s unaudited underlying consolidated profit attributable to the Company’s shareholders increased by 6.5% to HKD 1,916 million.

Retail division reported turnover of HKD 71,827 million, representing an increase of 13.9%, and attributable profit dwindled 67.8% to HKD 721 million. Excluding the after-tax revaluation surplus and the disposal of the non-core assets, the division’s attributable profit decreased by 3.9%.

Beer division achieved turnover of HKD 27,410 million, representing an increase of 15.2%, and attributable profit soared 26.1% to HKD 1,107 million.

Beverage division recorded robust growth with turnover and attributable profit of HKD 5,869 million and HKD 129 million, representing increases of 50.2% and 46.6%, respectively. The overall performance of the food division was mainly affected by the business restructuring.