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291 — China Resources Beer Holdings News Story

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Consumer DefensivesAdventurousLarge CapContrarian

China Resources Beer nears 4-month high on H1 profit rise, dividend growth

** Shares of China Resources Beer 0291.HK rise 7.7% to HK$28.66, their highest since April 23

** The Chinese brewer said its H1 net profit rose 20.8% y/y, turnover increased 0.8% y/y and sales volumes are up 2.2% y/y

** It declared an interim dividend of 0.464 yuan per share, up 24.4% from 0.373 yuan a year ago

** Hang Seng Composite Industry Index tracking consumer staples .HSCICS rises 1.3%, while benchmark Hang Seng Index .HSI is down 0.2%

** YTD, stock up 11.5%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))

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