Sinocan Holdings says its first-half profit was up 2.38 per cent to $90.21 million, with the core business operation seeing almost flat growth. For the six months to June 30, turnover edged up 3.91 per cent to $239.32 million and operating profit was up 2.87 per cent to $92.98 million. Earnings per share rose to 11.3 cents from 11 cents last year. The company will pay an interim dividend of two cents, the same as the previous year. Company chairman Wong Man-wing said the slight growth in turnover was because the production capacity for its primary business, three-piece beverage cans, remained unchanged during the six month period. The fourth three-piece beverage can production line was installed in June 1996 in Fujian and the new production line was expected to contribute to the group's income in the second half of the financial year, he said. In preparation for future development and growth, the group planned to install another aerosol can line and one milk powder can line at the Fujian plant towards the end of 1996. It was setting up a joint venture production plant in Shanghai designed to be its third manufacturing base.