Chevalier profits shrink

Chevalier International reported a 35.11 per cent year-on-year drop in profit to HK$111.46 million for the 12 months to March 31. A final dividend of 1.5 HK cents will be paid. Chevalier Construction Holdings recorded a HK$6.72 million profit, compared with a HK$27.65 million loss a year earlier. Chevalier iTech Holdings lost HK$9.42 million against a HK$7.76 million profit previously.