No dividend at Tian An

PUBLISHED : Friday, 15 September, 1995, 12:00am
UPDATED : Friday, 15 September, 1995, 12:00am

DIRECTORS at Tian An China Investments say that for a second time no interim dividend will be paid after attributable profit rose just 1.28 per cent in the six months to June 30.

Tian An, the first Hong Kong property company to focus exclusively on China, said attributable earnings rose to $61.61 million from $60.83 million. It blamed the mainland's austerity programme for consolidation in the property market.

Turnover was up to $223.63 million from $157 million. Earnings per share rose to 7.01 cents from 6.93 cents. The company said property sales declined while rental properties fared well.