Printing group Chung Tai Printing Holdings expects its loss-making United States division to turn around this year, according to chairman Christopher Suek Chai-kit. Production disruptions caused the premium booklet printing division to report an operating loss of almost $4 million in the year to March 31. 'The operations have been put back to rail and should be able to reach a break-even point this year,' he said after the company's annual general meeting. Chung Tai, which has seen attributable profit grow continuously during the past five years to reach $51.61 million by last March, was likely to see a slowdown, he said. 'Competition gets more fierce and the operating environment more difficult. 'Despite this, I don't think we will fail in sustaining profit growth this year. 'However, the growth is very likely to slow,' he said. He said operating costs drifted lower recently as overall paper prices fell about 20 per cent.