Man Sang net soars 66pc on strong demand

Man Sang International's net profit in the nine months to December 31 soared 66 per cent from a year earlier to $29.01 million.

Turnover jumped 32.64 per cent to $203.22 million, bolstered by strong overseas demand for freshwater pearls from the mainland as well as South China Sea pearls.

Earnings per share amounted to 5.76 cents, up 56.7 per cent from a year earlier.

Man Sang, whose principal activities include processing, wholesaling and retail distribution of pearls and pearl products, plans to focuses on expanding e-commerce services and its retailing business in the mainland this year.

The company launched a $30 million Web site three weeks ago.