OREANDA-NEWS. March 25, 2014. China Resources Enterprise, Limited (HKEx: 00291) (‘The Company’, or together with its subsidiaries, ‘The Group’) announced its audited final results for the year ended 31 December 2013.

The Group’s consolidated turnover and profit attributable to shareholders increased by 16.0% and decreased by 51.6% year-on-year to HKD146,413 million and HKD 1,908 million, respectively.

The attributable profit reduction was mainly due to high asset revaluation in the previous year.

Excluding the after-tax effect of asset revaluation and major disposals, the Group’s underlying consolidated profit attributable to the Company’s shareholders would have increased by 7.5% to HKD 1,642 million.

The Board recommended a final dividend of China Resources Enterprise, HKD 0.14 per share. Together with the interim dividend of HKD 0.13 per share, the total dividend for 2013 will amount to HKD 0.27 per share.

Mr. Hong Jie, Chief Executive Officer of the Company, said, “China’s economy saw slower growth momentum and faced challenges throughout the year under review. In view of this, the Group continued to optimize its business strategies and to identify opportunities arising from the restructuring of China’s economy. As a result, we not only managed to expand our businesses in a steady and sustainable manner, but also enhanced our core competitiveness and consolidated our leading position in the industry.”