HKR International's profit jumped 93.05 per cent to HK$314.3 million for the six months to September 30 from HK$162.8 million a year ago. Turnover amounted to HK$1.29 billion, up 18.82 per cent from a year earlier. An interim dividend of 6 HK cents was given, down 33.33 per cent from 9 HK cents previously. Earnings per share were 27.2 HK cents against 14.1 HK cents a year ago. During the period, the group finalised the construction accounts of Discovery Park development project and settled all contractual claims with the joint developer and the contractors. This resulted in an adjustment in respect of over-accrual of cost of properties sold in the previous periods of HK$168.7 million which has been offset against the cost of sales in the current period. An additional adjustment of HK$117.9 million has been made on related investment properties. The company said Discovery Bay, its flagship development, continued to be the major revenue contributor in the period with the successful launch of phase 10 of Neo Horizon in August. Nearly 90 per cent of the 219 units had sold as of September 30. The group's overseas super-deluxe hotels recorded improved results during the period, it said. HKR said its financial position remained healthy, with the 6 per cent subordinated bond repaid through internal cash reserves and a pre-arranged bank facility on June 26.