Paint-maker soars 285pc

Paint manufacturer Yip's Hang Cheung (Holdings) says it made net profit of $53.02 million for the year to March, up 285 per cent from the previous year, despite a 13 per cent drop in turnover to $1.31 billion. Earnings per share were 11.3 cents. A final dividend of 3.5 cents was recommended, bringing the annual payout to 5.5 cents a share.