Continental Mariner Investment Co (CMIC) and affiliate Poly Investments Holdings - the listed vehicles of the PLA in Hong Kong - have posted encouraging results for the year ending in March.
CMIC - with businesses in shipping, property and infrastructure - said net profit rose to $104.43 million from $24.8 million last year.
Its 42.59 per cent-owned industrial and retail arm - Poly Investments - saw attributable profit reach $25.64 million, compared with $10.61 million the previous year.
The PLA indirectly controls about 29 per cent of CMIC through China Poly Group Corp, followed by China International Trust & Investment Corp, China's largest investment arm, with about 18.5 per cent.
CMIC said earnings per share were 23.4 cents. Poly Investments reported earnings of 2.1 cents per share.
A final dividend of five cents per share and a one-for-five bonus share will be paid by CMIC to shareholders.
Poly Investments does not intend to pay any dividend.
