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Retail conglomerate China Resources Enterprise's Q1 profit slides 31 pct
date:May 27, 2014
hypermarket leader Sun Art Retail Group Ltd.

BEER GROWS

CRE, which owns China's top beer brand Snow, saw its beer division return to the black with profit at HK$6 million for the quarter, against a HK$23 million loss a year earlier as it enhanced its product mix. Revenue from its beer division rose 20.3 percent to HK$7.88 billion, with beer sales volume increasing 12 percent to 2.58 million kilolitres.

Snow brand had a market share of 23 percent in volume terms at the end of 2013. Profit from

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