Operating profit fails to deliver

Singapore-listed Pacific Century Regional Developments said operating profit after tax fell last year to S$2.1 million (about HK$10.15 million) from $2.2 million a year earlier. The company's largest shareholder is Pacific Century Group. Including extraordinary items, net profits were $6.1 million. Turnover jumped 90.6 per cent to $210.2 million due to growth in contributions from Hong Kong-based insurance company Top Glory.