Tack Hsin Holdings has suffered an 86.6 per cent slump in profits to $8.06 million for the year to March, citing a difficult restaurant environment and the worse than expected performance of its new Western-style outlets. The figure compares with $60.37 million a year ago, inflated by an exceptional gain of $58.57 million from the sale of property. Turnover fell 1.25 per cent to $516.17 million. Basic earnings per share were 2.7 cents, down from 20.1 cents. A final dividend of two cents a share will be paid, taking the year's total payout to three cents a share, compared to seven cents previously.
