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King Fook net dives

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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.

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