OREANDA-NEWS. May 25, 2011. Consolidated turnover and earnings from the core businesses rose by 26.4% and 15.4% respectively to HKD 26,671 million and HKD 826 million, reported the press-centre of China Resources.

Underlying consolidated profit attributable to the Company's shareholders from the core businesses would have increased by 34.4% after excluding the after-tax profit of asset revaluation and major disposals.

Retail division recorded solid growth with turnover and earnings climbing by 27.7% and 16.2% respectively. Excluding an after-tax revaluation surplus, the division’s underlying net profit would have increased by 33.7% benefiting from strong same store sales growth of 12.7%.

Beer division attained a 20.1% increase in turnover and a 5.3% increase in earnings thanks to improvements in both beer sales volume and average selling prices.

Food division reported year-on-year increases of 24.1% and 1.7% in turnover and earnings respectively. Excluding the after-tax revaluation surplus and after-tax profits from the reduction of certain equity interests in strategic investments in the corresponding period of last year, the division recorded an increase of 26.7% in underlying net profit backed by strong brand recognition.

Beverage division achieved significant growth of 49.2% and 42.9% in turnover and earnings respectively on robust sales volume growth.

Full details of our quarterly review for Q1 2011 have been posted on the designated website of Hong Kong Exchanges and Clearing Limited at www.hkexnews.hk and the corporate website at www.cre.com.hk.