LUKS Industrial's decision to focus on higher profit margin televisions helped profits jump 57.9 per cent, from $111.1 million to $175.5 million last year. Earnings per share rose from 18 cents to 23.3 cents. The company's profit margins improved from 6.4 per cent to 15.1 per cent. A final dividend of six cents, up 20 per cent, has been proposed. Luks' bigger profits came despite a 17.7 per cent decline in turnover, from $1.37 billion to $1.13 billion. The company also faced a higher tax bill of $18.1 million, against $5 million. At the company's annual meeting on June 29, its directors plan to recommend a bonus issue of one warrant for every five shares owned. The 1996 warrants, which have a strike price of $2.45, will be exercisable from August 1, 1993 until June 30, 1996. The company said it had decided last year to concentrate on developing digital televisions and those with large and high definition screens to avoid the intensely competitive lower end of the market. Chairman Luk King-tin said 1993 would be a breakthrough year for Luks in terms of the production and sale of televisions. He said strong sales in China had resulted in supply shortages, despite a price increase of five to eight per cent last year. Mr Luk said the company would continue to view Britain as its key international market. It planned to acquire new production facilities to expand capacity later this year. Luks had also launched a diversification programme. Mr Luk said he was encouraged with the progress of its property and plywood mill operations.