Fairwood profit plunges 63pc

Fast-food chain Fairwood's interim profit plunged 63.39 per cent to HK$3.53 million for the six months to September 30 due to the decrease in turnover after the closure of unprofitable outlets. Turnover decreased 5.4 per cent to HK$444.64 million from HK$470.4 million a year ago. No interim dividend was given.