OREANDA-NEWS. September 01, 2011. Sustained growth momentum with unaudited consolidated turnover and earnings from the core businesses increased by 28.0% and 7.8% respectively to approximately HKD 53,230 million and HKD 1,569 million, reported the press-centre of China Resources.

Retail division recorded growth with turnover and earnings climbing by 27.8% and 7.9% respectively due to the expansion of its retail network and strong same stores sales growth of 12.4%. Excluding an after-tax revaluation surplus, the division’s underlying net profit would have increased by 23.4% year-on-year

Beer division recorded a surge of 27.8% and 27.5% in turnover and earnings respectively, driven by the leveraging of its economies of scale and the improvement in average selling prices.

The Board of Directors recommended an interim dividend of HKD 0.15 per share

China Resources Enterprise, Limited (HKEx: 00291) (‘The Company’ or together with its subsidiaries, ’The Group’) announced its interim results for the six months ended 30 June 2011.

 Unaudited turnover and profit attributable to the Company’s shareholders from the core businesses rose by 28.0% and 7.8% respectively to approximately HKD 53,230 million and HK\\$1,569 million. Excluding the after-tax effect of asset revaluation and major disposals, its underlying unaudited consolidated profit attributable to shareholders would increase by 18.2% for the six months ended 30 June 2011.

The Board recommended an interim dividend of HKD 0.15 per share.

Mr. Chen Lang, Chief Executive Officer of the Company, said, “Our strategy of building our  core consumer business, including retail, beer, food and beverage businesses, continued to deliver sound overall results in the first half of 2011. Through new acquisitions and organic growth, we further expanded our business and enhanced our profitability, which led to sustainable growth during the review period and a stronger market-leading position in China.”