China Resources Enterprise Announced Final Results for 2005
Charting New Horizons
06 April 2006, Hong Kong
China Resources Enterprise, Limited (HKEx: 0291) (‘The Company’ or together with its subsidiaries, ‘The Group’) announced its final results for the twelve months ended 31 December 2005 today. Consolidated turnover rose 14% over 2004 to another new high of HK$53.6 billion. Profit attributable to Company’s shareholders grew by 50% to a record HK$2,220 million. Excluding the after-tax effect of revaluation of investment properties, which led to a HK$403 million gain, underlying net profit was up 23%. Earnings per share rose by 45% to HK102¢. The Board of Directors proposed a final dividend of HK25¢ per share. Together with the interim dividend of HK13¢ per share, the full year cash dividend will be HK38¢ per share, a 41% increase from 2004 with payout ratio reaching 40%.