FOUR Seas Mercantile Holdings has reported profit attributable to shareholders of $19.3 million for the six months to September, compared with $47.1 million for the same period last year. Although profit before exceptional items rose 12.3 per cent to $20 million, operating profit was $20 million, compared with $49.5 million for the previous period. Earnings per share slid to 7.1 cents from 20.6 cents previously. An interim dividend of 2.5 cents per share was declared. Turnover grew 11.9 per cent to $315.72 million. Last year, profit was boosted by gains from exceptional items on disposal of properties.