Hong Kong Ferry (HKF) has announced healthy results with operating profit up 20.8 per cent to $86.1 million for the six months ending June. Earnings per share were 24.2 cents compared to 20 cents for the same period last year, with an interim dividend of 8 cents recommended. The company's property investments performed disappointingly with gross rental income of $58.1 million, down 7 per cent from 1995. A fare increase in January failed to increase earnings following a 10 per cent decline in passengers, HKF chairman Colin Lam said. Operational losses in the first half were $18.7 million from $40.5 million in the same period last year.