China Star Entertainment staged a turnaround in the year to December, recording a net profit of $48.24 million after diversifying into film and television series distribution from video and music. The result contrasted with a net loss of $38.29 million previously. Turnover rose 212 per cent to $103.04 million. Operating profit of $49.5 million was reported against $11.45 million in operating losses. No dividend was recommended.