Shun Cheong interim profit up
Fittings contractor Shun Cheong Holdings says net profits rose 170 per cent in the six months to September, to $10.1 million, up from $3.8 million for the same period last year. The company said that uncompleted contracts on hand totalled $487 million, up from $459 million last March. Turnover for the period was $258.7 million, a 43 per cent increase over last year's $180 million. Shun Cheong said it would not be paying shareholders an interim dividend. Earnings per share were 3.13 cents, up from 1.46 cents last year.