Yanion reports sales increase

Compact disc maker Yanion International Holdings has said interim net profit surged 257 per cent to $10.23 million, boosted by an expanding sales network and products range. In the six months to June, operating profit grew 21 per cent to $9.5 million. Contribution from associated companies improved to $2.24 million from previous $3.51 million losses. The company proposed a one cent interim dividend against none previously. Earnings per share jumped to 10.5 cents from three cents.