date:Aug 23, 2013
637 million.
CRE's beer division, which makes China's best-selling Snow brand with SABMiller Plc, posted a 4.5 percent decline in profit to HK$358 million.
Profit at its food unit, which sells products including rice and frozen items, dropped 51 percent to HK$71 million, while profit at the beverage unit rose 30 percent to HK$39 million.
Tough competition in the retail and beer segments will continue to weigh on CRE's earnings, with promotions, rather than demand, boosting sales, Kenny Wu, a