CNT Group saw a 13.8 per cent jump in net profit to $145 million for the year to December after making provisions and write-offs worth $90 million on its property and investment portfolio. Its 40 per cent owned Citybus Group, which listed in late 1996, posted a 10.5 per cent increase in full-year net profit to $131.2 million on a 24 per cent surge in turnover to $1 billion. CNT's $90 million in exceptional losses include provisions for the diminished value of properties under development and of marketable securities. However, the losses were more than compensated for by a $175.2 million exceptional gain arising from the sale of interests in subsidiaries including Citybus. CNT reported 11 per cent growth in turnover to $1.53 billion and 7.5 per cent growth in earnings per share to 11.54 cents. Directors proposed a final dividend of two cents a share, bringing the total to three cents, down from 10 cents previously. Tsui Tsin-tong, chairman of both companies, said Citybus achieved 20 per cent growth in passenger volume to 167 million. Its earnings per share stood at 12 cents, down from 15.3 cents. For Citybus, a final dividend of 2.5 cents a share was recommended, taking the full-year payout to four cents a share. No dividend was paid in the previous year. Mr Tsui said the market share of franchised buses on Hong Kong Island reached 54 per cent in December.