May. 17, 2012 (China Knowledge) - China Resources Enterprise Ltd<0291
>, an investment arm of China Resources Group, said yesterday that its net profit jumped 55% YoY to HK$1.33 billion in the first quarter of this year.
Earnings per share were RMB 0.55 during the period.
Excluding gains from revaluations of investment properties, the company's overall earnings fell 15.15% YoY to HK$560 million.
Earnings from retail business rose 5.3% YoY, but the beer segment suffered a loss of HK$33 million, due to rising costs.
China Resources Enterprise saw its revenue jump 25% from the same period of last year to HK$33.35 billion in the first three months.