GREAT Wall Electronic International saw first-half profit dragged down by a loss on disposal of properties and the write-off of pre-operating expenses by a subsidiary. The company reported a 33 per cent fall in profit attributable to shareholders to $32.03 million for the six months to September 30 from $48.56 million a year earlier. The results were affected by $18.21 million exceptional items, which were the loss on disposal of land and building and the write-off of pre-operating expenses of a subsidiary, Wellfund Audio Visual in Canada, in the first half of this year. Profit attributable to shareholders, stripping out exceptional items, edged up 3.5 per cent to $50.25 million. Turnover fell 2.5 per cent to $1.52 billion. Earnings per share was 3.5 cents, down from 5.2 cents. Chairman Chiang Chi-kee said the company was exploring opportunities in Eastern Europe and South Africa.