Ong takes $5.77m loss at interim

ONG Holdings (HK) saw losses before extraordinary items increase for the six months ending December 31 to $5.77 million, compared with $1.33 million for the same period in 1991.

The securities and finance group recorded a profit of $2.22 million before extraordinary items in the 12 months to June 30, 1992, with earnings per share at 2.67 cents, compared with a net $10.58 million loss over the same period in 1991.

Loss per share over the interim period to December last year was 6.1 cents, compared with a loss of 1.6 cents in the same period in 1991. No dividend was recorded.

An extraordinary gain of $11.76 million was made from a judgement award in a US litigation which has been affirmed by the Utah Supreme Court. The total is net of costs and taxes.

Turnover at the company rose 150 per cent from $30.67 million to $76.78 million. Profit attributable to shareholders was $5.98 million compared with $3.6 million over the same period in 1991.