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China Earnings Analysis: 
China Resources Net Surges
Author: Trupti Mehta
123jump.com
Last Update: 6:19 AM ET May 24 2010


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China Resources Enterprise, Limited first quarter revenues rose 25% to HK$21.5 billion and net profit rose 794% to HK$3.73 billion.

 
6:20 PM Hongkong, China - China Resources Enterprise, Limited revenue rose 25% and net profit rose 794%.

China Resources Enterprise, Limited, an investment company reported first quarter revenues rose 25% to HK$21.5 billion from HK$17.2 billion a year ago. Net profit in the quarter rose 794% to HK$3.73 billion compared to net profit of HK$417 million a year ago

China Resources Enterprise, Limited, in the last one year traded as high as HK$31.00 in January 2010 and as low as HK$14.80 in July 2009. Based on the yesterday’s closing price of HK$25.15 the company has market cap of HK$60.26 billion.
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