King Fook net dives

NET profits at King Fook Holdings have dived 49 per cent amid sluggish jewellery and stock markets.

The jeweller said yesterday profit attributable to shareholders dropped to $7.2 million in the six months to September from $14.1 million a year earlier.

Turnover fell to $813 million from $1.2 billion.

Earnings per share were 1.7 cents, against 3.3 cents previously.

The interim payout was halved to one cent a share.