The momentum that propelled China Resources Enterprise's interim profit 70 per cent higher to $1.26 billion will remain vibrant in the second half of this year, according to managing director Mark Chen Shulin. Although $326 million of the growth derived from the revaluation of investment properties, the conglomerate recorded a double-digit rise in underlying profit across its core businesses of retail, beer, foodstuff distribution, textiles and property in the six months to June. Mr Chen expected an even stronger performance from the retail unit - the best performer in the first half with a 66 per cent jump in its profit contribution to $104.93 million on a turnover of $7.93 billion. The growth drivers were its Suguo and CR Vanguard supermarket chains. China Resources' new upmarket Ole supermarket in Shenzhen, which opened at the end of last year, generated an operating profit sooner than the company had anticipated. It now plans to convert two Beijing outlets into Ole supermarkets.