MANHATTAN Card Co, the credit card company jointly owned by Chase Manhattan and Citic Pacific, has boosted attributable profit 27.2 per cent to $390 million in the year to December. Card receivables rose 27.4 per cent to $3.6 billion, slightly higher than the 25 per cent growth the company was expecting. But that jump, while outpacing the 21.7 per cent average figure recorded for all licensed banks in the territory, was far lower than the 40 per cent rise in card receivables during 1994. Overall loan loss as a percentage of average receivables was higher at 1.3 per cent, compared to the 1 per cent recorded in 1994. The company said the figure was in line with its expectations and was lower than the industry average of 2 per cent to 2.5 per cent. Overall loan losses totalled $39.6 million, a rise of 67.6 per cent over 1994. The company, for which Chase Manhattan failed last year to find a buyer, described its performance as particularly satisfying. Chairman Raymond Chow said last year was a difficult one, characterised by economic slowdown, particularly in retail sales, and especially keen competition, with new card providers entering the market. The company failed to find a buyer when its parent company, Chase Manhattan Bank, announced its plan to unload the 54 per cent stake at hand in May last year. Final dividend, to be paid on May 6, is 10.5 cents per share, taking pay-out for the whole year to 15.5 cents - up 29 per cent over the previous year. Net interest income rose 27 per cent to $590 million, while operating income rose 22.7 per cent to $806.3 million. Operating expenses were $299.5 million, an increase of 12.5 per cent. Return on average shareholders funds rose to 26.13 cents per share, up 27.2 per cent, while return on average assets was 10.5 per cent, down from 12 per cent. The cost of interest-bearing debt rose to 6.9 per cent, compared to 5.3 per cent in 1994. The company nevertheless saw its expenses-to-income ratio decrease from 40.5 per cent to 37.1 per cent. Total assets increased 38.4 per cent to $4.28 billion by the end of 1995 and its term loans and debt securities were up by 61.4 per cent to $2.49 billion.