Lee & Man profit rises 18.6pc

Lee & Man Holdings, a maker of handbags and paper packaging products, saw an 18.6 per cent rise in interim net profit to $86.05 million for the six months to September. Turnover edged up 0.7 per cent to $458.85 million. Earnings per share were 11.1 cents, while an interim dividend of six cents was proposed. Chairman Lee Wan-keung said the handbag business enhanced the profit margin by producing more higher value-added products.