PROPERTY PINCHES CMB
A sharp fall in property sales caused a 54.53 per cent drop in China Motor Bus' (CMB) net profit, to HK$81.74 million, for the half to December. Turnover, or property investment income, rose a year-on-year 18.5 per cent, to HK$41.97 million. An interim dividend of 10 HK cents and a special dividend of 40 HK cents per share were recommended. The total was down 16.66 per cent.