Gold trader edges up

GOLD bullion trading company Tem Fat Hing Fung (Holdings) has posted a two per cent rise in profits to $53.05 million for the six months ended October 31 last year.

A 19.8 per cent jump in turnover to $3.13 billion failed to boost profits.

A squeeze in profit margin to 1.73 per cent, from 2.4 per cent, was blamed for this.

Earnings per share, on a fully diluted basis, increased to 4.64 cents from a figure of 4.56 cents in the year-ago period.

The company declared an interim dividend of one cent a share.

This was unchanged from the previous corresponding period.