YAOHAN International Caterers has reported a profit of $99.3 million for the year to March 31 this year, up by 63.7 per cent from the previous year. Earnings per share was 33.1 cents and a final dividend of $6.5 cents per share was recommended. Turnover for the year amounted to $687.27 million, an increase of 37.1 per cent on the previous year. The 63.7 per cent surge in profit was attributed to the exceptional gain from disposal of Kingswood Villas in Tin Shui Wai. The company said plans were progressing on developing the China market, including the signing of a letter of intent with a mainland joint-venture party to set up a bakery chain in Shanghai. It said strong cash resources and zero gearing left the group well positioned for further acquisitions.