Sale helps profit recovery

China Everbright Technology was back in the red with net interim profit of HK$2.47 million, against the HK$20.50 million loss a year ago. It included an exceptional gain of HK$55.69 million from the disposal of a computer keyboard manufacturer, but this was partly offset by a HK$15 million provision for diminution in value of securities investments and another of HK$24 million for doubtful debts. Turnover fell to HK$195 million from HK$292.10 million. No interim dividend will be paid. Sister company China Everbright International narrowed its net loss to HK$26.04 million compared to a HK$143.06 million loss before. Turnover fell to HK$250.50 million from HK$292.04 million.