NGAI Lik Industrial Holdings has reported net profits of $30.57 million for the year ended March 31, a drop of 46.8 per cent from the previous year. Chairman Sammy Tam Yuk-sang blamed surging raw material prices for the drop, which came in tandem with a near 10 per cent rise in turnover to $875.55 million. A final dividend of three cents will be paid, raising the payout for the year to four cents a share, compared with seven cents for the previous year. Earnings per share fell to 8.4 cents from 15.1 cents on a fully diluted basis. Mr Tam said the company was also hit by the rising yen.