LEEFUNG-ASCO Printers Holdings recorded a 32.66 per cent plunge in interim profits due to failure to recover an outstanding $44.2 million owed by two overseas trade debtors. Attributable profits for the six months to September 30 fell to $8 million from last year's $11.8 million. This was despite turnover increasing by a remarkable 111.8per cent to $259.5million from $122.5million a year ago. Earnings per share fell 31.7per cent to 2.8 cents from last year's 4.1 cents. An interim dividend of one cent per share will be paid to shareholders. Last year 1.5 cents was paid. The surprising drop in attributable profit was due to exceptional expenses on a provision made for a $26.8 million doubtful trade debt owed by two debtors from the US and Britain. Only $4 million of this debt was recovered during the period under review. Total outstanding debts owed by the two debtors came to $44.2 million. The $26.8 million provision made in the current interim results, together with a related provision of $1.9 million made in the previous year, accounted for about 65per cent of total debt. The US debtor had filed a voluntary Chapter 11 petition under the US Bankruptcy Code. However, no further development had been reported.