CHEVALIER International Holdings may be able to maintain a profit growth of more than 50 per cent in the latter half of the year ending March 31, chairman Chow Yei-ching says. The group recorded a 57 per cent increase in taxed profit to $107.79 million in the six months to September 30 last year, including an exceptional gain of $95.77 million from the disposal of the group's former office in Tsim Sha Tsui. Company secretary Norman Kan said the group would gradually dispose off the old office and he said an additional $30 million in exceptional gains would be booked in the second half. The group's subsidiary, Chevalier (OA) International, was able to jump into the black with a robust growth in profit from the package combining telepoint CT2 and a paging service. Chevalier (OA) deputy managing director Fung Pak-kwan believed the company's profit could leap five times in the year ending March 31, compared with the previous corresponding period, with CT2 and the paging package making up half of the turnover. The company has filed a bid for the personal communication services licence through a joint venture with Australian telecommunications company Telstra.
