China Resources Enterprise Announces Results for 2010
OREANDA-NEWS. April 08, 2011. Consolidated earnings reached a new high with an increase of 94.8% to about HKD 5,674 million, including a net gain of about HKD 3 billion from the disposal of a non-core brand-fashion distribution business, reported the press-centre of China Resources Enterprise.
Turnover and earnings from the core businesses rose by 35.2% and 25.4% respectively to about HKD 86,728 million and HKD 3,091 million
Retail division achieved significant growth with turnover and earnings climbing by 51.3% and 22.0% respectively on continuing expansion
Beer division continued to deliver strong growth of 14.1% and 26.9% in turnover and earnings respectively through expanded production capacity and aggressive promotions
Food division recorded an increase in underlying net profit of 39.6% on the back of strong brand recognition
?Beverage division achieved a robust increase in turnover of 30.7% mainly due to robust growth in sales volume
The Board recommended a final dividend of HKD 0.38 per share, bringing the total dividend for 2010 to HKD 0.52 per share.
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