A fall in tourist numbers and belt-tightening by Hong Kong people cut attributable gains for Fuji distributor China-Hongkong Photo Products Holdings 2.5 per cent to HK$198.51 million for the year to March.
Sales in Hong Kong dropped 16.5 per cent last year and increased 4.5 per cent in the mainland.
Chairman and managing director Dennis Sun Tai-lun forecast a tough year because of the tourism slump.
'Unless there is a substantial increase in the inbound tourists, we are not expecting any short-term recovery,' he said.
Turnover dropped slightly - 0.22 per cent to HK$1.74 billion. Earnings per share were 20 cents.
The board proposed a final dividend of 4.3 HK cents and a special dividend of three cents, bringing total payout for the year to 13.3 HK cents.
The total dividend for the previous fiscal year, 1996, was six HK cents.
