Earnings at Takson leap

Garment company Takson Holdings reported a 76 per cent growth in net profit to $51.7 million despite a 2 per cent decline in turnover to $378.7 million for the year to March.

The result, in line with the prospectus forecast made when the company was listed last October, was bolstered by $2 million interest income on subscription monies.

Earnings per share were 16.5 cents, up 5.6 cents from 10.9 cents. A final dividend of three cents a share was declared.

Chairman Takson Wong Tek-sun said the company was one of the least affected in the Asian garment industry because the mainland remained a reliable sourcing country.

It also expected to benefit from sustainable growth in its big markets in the United States and Europe.