[ET Net News Agency, 20 January 2020] China Resources Beer (Holdings) Company Limited
(00291) said the group's profit attributable to the shareholders of the company for the
year ended 31 December 2019 is expected to significantly increase by not less than 30% as
compared with that of the year ended 31 December 2018.
The increase was mainly attributable to (1) the decrease in impairment loss of fixed
assets resulted from the implementation of production capacity optimization as compared
with last year; (2) cost savings from efficiency gain; (3) the contribution from Heineken
China since the completion of its acquisition on 29 April 2019; and (4) the group embarked
on a new corporate annuity plan during 2018, which was effective from 1 January 2017, and
recorded an one-off provision of its staff cost for 2017 in 2018 with an approximate
amount of RMB117 million, while no such extra provision was made in 2019. (RC)
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00291 CRES BEER-500
Nominal 
35.950 +0.550 (+1.554%) Others
20/01/2020 13:56
China Res Beer (00291) sees 30% increase in year net
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