Pacific Concord and its property arm, Concord Land Development, each reported significant rises in net profit for the first six months of the year despite a fall in turnover. Pacific Concord said its interim profit surged 150.2 per cent to $202.14 million, with turnover dropping 73.2 per cent to $154.28 million. Its net profit was boosted by contributions from affiliates, including its 33-per-cent-owned Concord Oil, which amounted to $484.39 million. Earnings per share were up 103 per cent to 8.8 cents. An interim dividend of 2.9 cents was recommended. Concord Land said its interim profit soared 609 per cent to $425.82 million, while turnover plunged 84.7 per cent to $45.74 million. Earnings per share were up 609 per cent to 35.49 cents. The board proposed an interim dividend of 16.7 cents.