date:Nov 22, 2012
China Resources Enterprise Ltd, or CRE, the mainland consumer conglomerate that produces China's top beer brand, Snow Beer, said on Wednesday that consumer goods business in the near term is expected to remain under pressure due to the weak global economy.
Although sales climbed 11.1 percent to HK$34.2 billion ($4.41 billion) in the third quarter ended Sept 30, profit excluding one-time gains dropped 2.1 percent to HK$668 million from HK$682 million during the same period last year, the comp