OREANDA-NEWS. September 03, 2014. Gearing Up for Sustainable Development Unaudited consolidated turnover increased by 16.2% to HKD83,506 million and profit attributable to the Company’s shareholders decreased by 8.7% to HKD 929 million.

Excluding the after-tax effect of asset revaluation and major disposals, the Group’s unaudited underlying consolidated profit attributable to the Company’s shareholders decreased by 33.5%.

Turnover and attributable profit of the retail division amounted to HKD 52,589 million and HKD 700 million, representing increases of 9.8% and 9.9%, respectively. Excluding the after-tax revaluation surplus, the division’s attributable profit declined by 29.6% year-on-year. The formation of the Group’s joint venture with Tesco PLC in May 2014 has diluted the profit contributable to the Group by the retail division.

Beer division recorded turnover and attributable profit of HKD 18,475 million and HKD 417 million respectively, representing increases of 14.9% and 16.5%.

Food division was undergoing business transition, reported turnover of HKD 8,035 million, representing an increase of 60.6%; and attributable loss of HKD 72 million for the first half of 2014, as compared to attributable profit of HKD 71 million for the same period last year.

Beverage division recorded robust growth with turnover and attributable profit of HKD 5,057 million and HKD 66 million, respectively, representing increases of 49.8% and 69.2% year-on-year, respectively.

The Board recommended an interim dividend of HKD0.11 per share.