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Man Sang posts strong gains

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Man Sang International, which listed locally in September, said yesterday that attributable profit jumped about 116 per cent to $49.8 million in the six months to September.

The company, which processes and distributes pearls, earned the profit on turnover of $140.1 million, up 17 per cent on the previous period.

Operating profit, it said, grew from $24 million to $31.7 million.

No interim payout has been recommended.

The strong growth in profit was helped by gains of $11.4 million arising from the company's initial public offering and $8.4 million from the sale of a leasehold property.

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