OREANDA-NEWS. August 21, 2012. Unaudited consolidated turnover and attributable profit of the Group increased 20.2% and 36.5%, respectively, to HKD 63,959 million and HKD 2,235 million, reported the press-centre of China Resources. 

Excluding the after-tax effect of asset revaluation and disposals of non-core assets, the Group’s unaudited underlying consolidated profit attributable to the Company’s shareholders decreased 6.3% to HKD 1,131 million. 

Turnover of the beer division increased by 14.1% to HKD 14,633 million, while attributable profit increased by 14.0% to HKD 375 million in the first half of 2012.

Retail division reported turnover of HKD 42,125 million and attributable profit of HKD 1,754million, representing increases of 22.6% and 59.7%, respectively.

The Board has resolved to declare an interim dividend of HKD 0.15 per share.

Mr. Chen Lang, newly appointed Chairman of the Company, concluded, “Looking ahead, we believe the short-term operating environment in China will still be affected by global economy. Nevertheless, the Central Government?s initiatives to promote consumer spending in its “12th Five-Year Plan” made us more optimistic about the future development of consumer goods industry. The Group maintained surplus cash resources through its operation and the disposal of certain non-core assets or investments. Our cash reserves can facilitate the expansion of the Group, which can capture the benefits from a future rebound in the Chinese economy. ”

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.