Fujian government-controlled red chip Min Xin Holdings says 1996 net profit surged 49.5 per cent to $52.6 million, boosted by associated company profit contributions and exceptional gains. The company suffered a $30.8 million operating loss last year, twice the loss suffered in 1995, despite its turnover rising 29 per cent to $198 million in the same period. The associated companies had generated $63.8 million for Min Xin, while disposals of certain investment properties contributed $23.3 million in exceptional gains. Earnings per share increased 5.74 cents to 17.63 cents. The company recommended a final dividend of five cents per share, the same as the amount being paid to shareholders in 1995.