Growth Enterprise Market-listed China Agrotech Holdings saw half-year earnings to December 31 more than double to HK$34.23 million. In the previous corresponding period, the biochemical products-maker recorded an HK$11.96 million net profit. This represented 186 per cent growth in net earnings. Turnover grew 156 per cent to HK$79 million for the six months to December 31, up from HK$30.83 million a year earlier. Earnings per share jumped to 13.69 HK cents, up from 6.29 HK cents in the previous year, representing 118 per cent growth. However, the company did not declare an interim dividend payout, saying profit would be retained for business operation and future development. It plans to set up an agricultural chain-store to focus on the consolidation of market share to meet the challenges after China's pending entry to the World Trade Organisation. The counter fell 5.4 per cent, or four HK cents, to close at 70 HK cents despite the strong earnings growth.