CHEUK Nang Properties (Holdings) yesterday reported a 300 per cent rise in profit to $22.3 million for the six months ended December 31, compared with $5.58 million previously.

Turnover increased by 221 per cent to $37.7 million from $11.7 million.

Earnings per share were 15.9 cents, an increase of 98.7 per cent over the previous year's eight cents due to the dilution effect of an enlarged share capital.