Soft drinks-maker Vitasoy International Holdings has reported better-than-expected results for the year to March with attributable profit up 272 per cent to $114 million. The result indicated the company had overcome last year's incident when its drinks were contaminated, Vitasoy chairman Winston Lo Yau-lai said. Last year the company reported attributable profit of $31 million, which included an $80 million exceptional loss as a result of the incident. According to The Estimate Directory , a consensus of 17 securities houses suggested the company would report net profit of $105 million. Mr Lo said the result was satisfactory despite setbacks experienced on the mainland, where sales had shrunk 30 per cent. He said the mainland market had been tainted by the sour milk effect but he was optimistic it would soon make up lost ground with the help of several new promotional campaigns. Vitasoy would also expand its market to Australia and Europe, he said. 'We will line up with local distributors first to explore the market,' he said. 'Setting up production will come at a later stage.' Although turnover grew 17 per cent to $1.52 billion, Vitasoy's operating profit margin remained under pressure, falling from 8.22 per cent last year to 7.87 per cent in 1997. Earnings per share were 22.3 cents against six cents a year ago. The directors recommended a final dividend of 6.2 cents making the total payout for the year 10.2 cents compared to 9.6 cents last year.