CAPITAL Asia's interim profits plunged 79.55 per cent to $15.27 million on turnover down 40.98 per cent to $234.78 million. Group chairman Alex Wong did not explain the drop in profit or turnover in a press announcement. The fishes to financial services firm said it had devoted its resources to enlarging market share in finance, trade and retailing. Mr Wong said that newly formed Hai Tong Capital was 'active in providing merchant banking and corporate financial services'. 'Business volume is increasing as the number of PRC [mainland] entities seeking local and overseas listing is growing,' Mr Wong said. Arrow Pacific, an associate company, was said to be undergoing restructure to 'capture established brokerage networks for provision of a full range of financial services'. In the firm's marine products division, the acquisition of a local live fish distributor was part of a strategy of vertical integration, Mr Wong said. The group sold its interest in Vigers Group, he said, pointing out that this gave rise to $4 million of the $15.27 million profit. Earnings per share were 3.5 cents as against 19.4 cents. No dividend was declared.