OREANDA-NEWS. May 27, 2013. Unaudited consolidated turnover and profit attributable to the Company’s shareholders increased 8.4% and decreased 61.4%, respectively, to HKD 36,153 million and HKD 512 million.

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

Excluding asset revaluation, underlying unaudited consolidated profit attributable to the Company’s shareholders would have decreased by 8.6% for the first quarter in 2013.

Retail division reported turnover of HKD 25,923 million representing an increase of 7.3%. Excluding the revaluation surplus, the division’s attributable profit would have decreased by 6.3% year-on-year.

Turnover of the beer division increased by 13.3% year-on-year to HKD 6,548 million, while attributable loss reduced by 30.3% to HKD 23 million.

The beverage division recorded robust growth. Turnover and attributable profit were HKD 1,453 million and HKD 8 million, representing increases of 56.4% and 33.3% respectively. The overall
performance of the food division was steady.