Singapore-listed Pacific Century Regional Developments, controlled by Richard Li Tzar-kai, has made a net profit of S$1.83 million (about HK$9.84 million) for last year, compared with a loss of $15.2 million the previous year. The company yesterday attributed its operating profit to contributions from its Gao Yao City Power Plant and the turnaround of Top Glory Insurance. Earnings per share stood at 1.45 cents, against a loss of 9.6 cents previously. 'We expect the positive operating trend established in 1996 to continue in 1997,' chief executive Paul Tong said. Meanwhile, Pacific Century Group has signed the purchase agreement for a 52,233 square foot site in Tokyo valued at US$720 million. An office complex will be built on the site, which is due for completion in 2001.