Kong Wah net falls at interim

KONG Wah Holdings has reported an 8.16 per cent fall in net profit to $85.52 million for the six months ending September 30.

The television maker's profit drop comes 12 months after the company listed on the stock exchange on January 13 last year.

Earnings per share on a fully diluted basis stood at 7.57 cents. An interim dividend of three cents a share was declared.

According to the company, last year's declared net profit figure of $93.31 million contains an exceptional profit of $8.9 million from the disposal of fixed assets.

Therefore there was a core growth in profit of $1.3 million, the company said.