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Retail conglomerate China Resources Enterprise's Q1 profit slides 31 pct
date:May 27, 2014
with the world's No.3 retailer, Tesco, posing a challenge to hypermarket leader Sun Art Retail Group Ltd.

BEER GROWS

CRE, which has interests that span beverage making to supermarket chains, said its retail division recorded a 0.4 percent drop in same-store sales during the quarter as more consumers shopped online, while higher wages also hurt results.

Profit from retail operations fell 10.3 percent to HK$471 million ($61 million) during the quarter despite an 8.3 percent increase in revenue

12/24 04:59