Great Wall's earnings climb

PUBLISHED : Monday, 21 December, 1998, 12:00am
UPDATED : Monday, 21 December, 1998, 12:00am

Great Wall Electronic International's interim net profits climbed 8.1 per cent year-on-year on falling sales in the six months to September 30. Great Wall's profits were $43.3 million on $1.36 billion turnover. An interim dividend of 1.5 cents a share was offered in cash or as scrip. Majority shareholder Vandor and parties acting with it plan to seek a waiver from the Securities and Futures Commission, allowing them not to make a general offer should a significant proportion of minority shareholders not take scrip. Should a waiver not be granted, Vandor will not take scrip.