GUANGDONG Investment saw a rise in profit of 32.3 per cent to $437.19 million with earnings per share rising 14 per cent to 26.9 cents. A final dividend of 4.8 cents was declared against 4.5 cents previously. Strong sales saw profit at liquid crystal displays manufacturer and distributor Varitronix International rise 20 per cent last year. Profit attributable to shareholders surged to $187.7 million, compared with $156 million in 1993. Earnings per share rose 20 per cent to 72 cents. A final dividend of 31 cents a share was declared with full-year dividend at 38.2 cents per share, compared with 33.5 cents in 1993. Yesterday, Shougang Group of companies reported mixed results for 1994. Shougang Concord International's net profit rose 222.6 per cent, to $172.23 million in figures boosted by a $50 million disposal of property, included as an exceptional item. Earnings per share for the year ended December 31 was up 109.8 per cent, to 12.8 cents and the dividend doubled to 3.5 cents against 1.5 cents. Shougang Concord Grand reported a loss of $199.58 million against a gain in the previous period of $144.03 million, in results affected by an exceptional loss of $210.78 million on the redemption of convertible notes, a fall in the value of short-term investments and in the value of an associated company. Earnings per share slumped to a loss of 30.14 cents against a gain previously of 22.07 cents. No dividend was declared at the final stage. This left the dividend for the year at 1.5 cents. Shougang Concord Century saw its profit jump 147.5 per cent, to $120.24 million, with earnings per share up 120.9 per cent, to 24.3 cents. Final dividend of 3.5 cents was announced against 2.5 cents a share previously. Shougang Concord Technology reported a profit of $20.18 million against a loss previously of $106.47 million with earnings per share at 5.9 cents against a loss previously of 36.2 cents on an adjusted basis. No final dividend was declared, leaving the year's total at one cent a share. Hoi Sing Holdings saw losses increase to $139.5 million with the loss per share falling to 46.5 cents. No dividend was declared. Tak Wing Investment (Holdings) posted a 60 per cent leap in profit attributable to shareholders, to $64 million for last year, despite difficult operating conditions in the construction and a general downturn in property prices. Turnover rose 8.5 per cent to $1.2 billion. Fully diluted earnings per share was 29.4 cents, up 62 per cent. Directors recommended a final dividend of eight cents per share, bringing the dividend for the full year to 11 cents, an increase of 22 per cent over 1993. Chairman Chung Chun-keung said last year was a busy year for the company's building and civil engineering divisions though operation profit from these divisions were trimmed by keen competition and rising material and labour costs. Footwear manufacturer Fortei Holdings registered a 69 per cent fall in net profit to $22 million with earnings per share dropping 25 per cent to 5.5 cents and total dividend for the year was down to 3.5 cents from nine cents. Footwear manufacturer Nority International Group cut its full-year dividend by only 40 per cent to three cents despite a 85 per cent fall in profit and earnings per share to $5.3 million and 2.1 cents respectively for last year. Raymond Industrial reported a relatively flat profit line falling slightly to $37.09 million against a profit in the previous period of $38.63 million and earnings per share declining by one cent to 15 cents. Total dividend for the year was 12 cents per share. Profit at manufacturer and distributor of traditional medicated oil Pak Fah Yeow International notched up 2.8 per cent to $21.3 million for last year while earnings per share and full-year dividend also grew marginally to 16.4 cents and nine cents. Profit at spectacles maker Swank International Manufacturing rose 1.6 per cent to $61 million while fully diluted earnings per share were down 13.8 per cent to 15.6 cents with full-year dividend flat at 7.5 cents. Profit at Shenzhen Textile (Holdings) plunged 40 per cent to 31.6 million yuan with earnings per share of 0.32 yuan for last year under international accounting standards and a one-for-10 bonus share issue and cash dividend of 0.5 yuan (about HK$0.46) per 10 shares was proposed.