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China Resources Beer Holdings Co Ltd (0291.HK)

0291.HK on Hong Kong Stock

16 Jan 2019
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Fri, Aug 17 2018

UPDATE 1-China Resources Beer H1 profit rises 29 pct on higher prices

* Says Heineken deal to boost presence in China's premium mkt (Adds company comment, updates shares)

China Resources Beer H1 profit up 29 pct on higer average selling price

HONG KONG, Aug 17 China Resources Beer (Holdings) Co Ltd on Friday posted a 29 percent rise in first-half net profit thanks to an increase in average selling prices and improved sales of higher-margin premium beers.

Heineken enters deal with China Resources Enterprise and China Resources Beer

Aug 3 Heineken said it signed a non-binding agreement with China Resources Enterprise Limited and China Resources Beer Holdings and will become a minority partner with a 40 percent stake in the holding company CRH (Beer) Limited.

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