Conglomerate South China Holdings saw attributable profit increase in the first half as subsidiaries recovered from difficult conditions the year before. The holding company, with interests ranging from finance to toy manufacturing, said attributable profit rose to $13.02 million for the six months to June, from $1.17 million for the half in 1995. Earnings per share climbed to 3.4 cents from 0.3 cent. Turnover increased to $775.32 million from $718.86 million. Interim dividend was set at 4.5 cents per share, up from four cents for the same period last year. Directors said the group performed generally better due to improved stock market conditions and the steady growth of its manufacturing businesses. The stockbroking unit of the group, South China Brokerage, saw attributable profit soar 55 per cent to $18.5 million. Turnover rose 21.5 per cent to $88.99 million, and earnings per share rose to four cents on a fully diluted basis. Directors said the increase in stock market activity had boosted the brokerage's core business activities, especially commission income on securities broking and underwriting. The group's manufacturing arm, South China Industries, saw attributable profit rise 15.1 per cent to $25.13 million for the half. Turnover for the manufacturing operations rose to $639.35 million from $532.06 million. Earnings per share rose to 4.6 cents from four cents on a fully diluted basis. Toy-maker Wah Shing International, a subsidiary of South China Industries that transferred its listing to Singapore in January, posted a 6 per cent rise in attributable profit to $34.85 million. Wah Shing's earnings per share fell to 9.3 cents from 9.7 cents the year before. Directors said the group's profit margins had been eroded by intense competition, particularly for traditional soft toys.