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Retail conglomerate China Resources Enterprise's Q1 profit slides 31 pct
date:May 27, 2014
ns and villages, Chen added.

CRE, which has a market value of $7.2 billion, said its profit fell to HK$356 million ($45.9 million) for the January-March quarter, down from HK$512 million profit a year earlier. That compared to a net loss of HK$30 million for the fourth quarter Of 2013.

Turnover for the quarter rose 15.7 percent to HK$41.8 billion from HK$36.15 billion the same quarter last year.

Last October, CRE announced a tie-up with the world's No.3 retailer, Tesco, posing a challenge to

12/24 18:06