Big gains for Gold Peak

PUBLISHED : Friday, 19 December, 1997, 12:00am
UPDATED : Friday, 19 December, 1997, 12:00am

Battery maker Gold Peak Industries (Holdings) says its 57.7 per cent owned Singapore-listed electronics division, GPE Industries, has posted a 48.7 per cent rise in profit to S$10.88 million, or HK$54.98 million, in the six months to September 30.

GPE has achieved satisfactory performance despite keen competition in the car audio export market because of the yen's weakness.

Turnover rose 25.2 per cent to S$135.02 million.

Earnings per share were 4.54 HK cents and an interim dividend of 1.3 cents a share will be paid.