Retail, beverage, food processing, textile and property investment company China Resources Enterprise, Limited has posted increased turnover and profit for the three-month period ended March 31. The group’s unaudited consolidated turnover and profit totalled approximately HK$15,377 million ($1.98 billion) and HK$674 million respectively, representing an increase of 26% and 2% over the same quarter of 2005. Core businesses registered a 32% profit growth to HK$556 million with each of them showing overall profitability improvement.

The textile business reported earnings of HK$18m, up 8% as a result of a greater contribution from the spinning and weaving operation. The company’s technology upgrade programme has also enhanced product mix towards higher end yarns and fabrics.