** Shares of China Resources Beer Holdings Co Ltd rise 2.8% to HK$37.30, on course for the biggest one-day pct gain since March 12
** The Chinese brewer said its 2023 net profit rose 18.6% YoY to 5.15 bln yuan (about $716 million) with revenue up 10.4% YoY to 38.93 bln yuan and beer sales volume up 0.5% YoY
** Co recommends a final dividend of 0.349 yuan per share, as compared to 0.302 yuan each in 2022, and a special dividend of 0.300 yuan per share, vs nil in 2022, for celebrating the 30th anniversary of the group
** "Looking ahead to 2024, growth will continue to be the CR Beer’s top priority" - co
** Hang Seng Consumption Index slips 0.3%, while Hang Seng Composite Industry Index tracking consumer staples
climbs 0.4% and Hang Seng Index adds 0.2%
** Stock up 8.5% YTD
($1 = 7.1974 Chinese yuan renminbi)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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