Sale lifts China Resources

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CHINA Resources Enterprise has posted a profit of $367.9 million for 1992, which was mainly due to the disposal of an industrial building in Kwai Chung.

Net profit stood at $14.5 million on a turnover of $37.4 million.

The company said the sale of Riley House generated sales income of about $821 million and an extraordinary profit of $353.4 million.

The Hongkong-based mainland conglomerate China Resources Holdings became the largest shareholder in the company, formerly Winland Investment.