Property and construction concern Deson Development International Holdings said attributable profit rose 1.4 per cent to $42.41 million for the year to March, aided by a construction boom in key mainland cities. Earnings per share, however, fell 20.43 per cent to 14.8 cents. A final dividend of 2.5 cents a share would be paid. No dividend was paid a year earlier. Deson said Beijing's emphasis on the building of affordable accommodation to replace state housing had made up for the decline in foreign investors' large construction projects. Deson was shifting its focus to building 'economic housing', with about a quarter of funds raised from the new issue last year going towards such projects. The company said the projects would yield a rate of return of at least 16.5 per cent, although several leading mainland property developers, including H share Beijing North Star, said Beijing authorities would cap the margins of developers at between 3 and 5 per cent.