Chinney Investments says its net profit rose 24 per cent in the year to March, bolstered by gains from property development and construction.
The company, which also has interests in garment manufacturing and trading, said its net profits rose to $214.26 million, up from $172.75 million the previous year.
Sales totalled $1.54 billion, up 121 per cent from $693 million. Earnings per share rose to 46.4 cents, up from 38.3 cents.
Directors declared a final dividend of 8.5 cents, up from 7.5 cents in 1995.
Chinney benefitted from its increased stake of 50.01 per cent in Hon Kwok, which became its major subsidiary in August, 1995. Hon Kwok increased its profit.
Chinney chairman James Wong said wholly-owned subsidiary, Chinney Construction, had a consolidated profit of $15.9 million, doubling the 1995 result as the construction industry continued to recover.