Caution seen despite profit rise

PUBLISHED : Wednesday, 13 May, 1998, 12:00am
UPDATED : Wednesday, 13 May, 1998, 12:00am

Shenzhen International Holdings saw attributable profit jump 116.02 per cent to $26.08 million in the year to December 31. The profit was after a net exceptional gain of $2.5 million compared with an exceptional gain of $11 million in the previous year. Turnover was $119.99 million, up from $82.8 million in 1996 while earnings per share were 1.29 cents, up from 1.13 cents. No final dividend will be paid. The company said it would tighten cost controls and avoid high-risk investments this year.