China Resources Enterprise Reports 18% Decline In Q3 Net Profit

China Resources Enterprise Ltd (OTC: CRHKY) reported an 18% drop in its Q3 net profit.

China Resources Enterprise's quarterly net profit declined to HK$863 million, from HK$1.06 billion. Its revenue climbed 26% to HK$30.80 billion from HK$24.45 billon.

For the nine months ended Sept. 30, China Resources Enterprise's overall profit dipped 54% to HK$2.43 billion, from HK$5.30 billion.

China Resources Enterprise shares closed at $6.67 yesterday.