Allied Group companies yesterday announced mixed results for the year to December 1996, with the property arm's profit growth remaining virtually static. Allied Properties (HK) saw net profit grow slightly to $253.66 million last year, compared with $253.27 million in 1995. A final dividend of one cent was announced, keeping the full-year payout at one cent, against two cents in 1995. Continuing operations before exceptional items generated a $15.9 million operating loss last year compared with $118.56 million operating profit the year before. Turnover fell 34.17 per cent to $309.03 million while earnings per share were 10.5 cents. Holding company Allied Group delivered net profit of $312.24 million, buoyed by a $171.65 million exceptional gain. Despite the profit growth, Allied Group recommended no final dividend. Shareholders received no interim payout. The one-off gain was largely from the disposal of 50.59 per cent owned Allied Industries International, which brought $131.2 million. Operating profit from continuing operations before exceptional items rose 43.2 per cent to $205.07 million on $745.88 million turnover, up 35.11 per cent.