Yip's Hang Cheung rises

YIP'S Hang Cheung (Holdings) has posted a 16 per cent rise in net profit to $76.5 million for the year to March 31.

Turnover dipped 0.2 per cent to $815 million from $817 million. Profit attributable to shareholders was little changed at $80 million.

Earnings per share were 18 cents, from 17.3 cents previously.

The directors recommend a final dividend of eight cents per share. That brings the total to 11 cents, up one cent.