ABC Communications (Holdings), announcing a rosy 24 per cent rise in attributable profit yesterday, warned that pressure on the territory's paging industry because of a widespread price war would not be reflected until the next fiscal year. The company posted an attributable profit of $48.41 million in the six months ended September 30, compared to $38.94 million in the previous corresponding period. Earnings per share also rose from 9.74 cents previously to 12.10 cents based on the 400 million shares in issue during the period under review. An interim dividend of three cents per share will be paid on January 19. The company said profits had been seriously affected by widespread price cuts throughout the industry. It expected the domestic market slump to continue, but added that it had reacted by creating new market segments and diversification. 'Despite the challenging period for the local paging industry, which is expected to continue over the foreseeable future, the group's investment strategy in cellular services and overseas paging markets will ensure continued overall growth,' said deputy managing director Patricia Yeung. Combined paging and telepoint service packages were introduced in the summer to tap the youth market - which the company believes to be a major potential segment. Cross-border paging services between Hong Kong, Shanghai and Guangdong had contributed most of the company's profit growth, the firm said. However, it added that its other two overseas markets - Taiwan and the Philippines - had nevertheless continued to record losses.