Profits up for Worsted Mills
HONG Kong Worsted Mills, a China-controlled manufacturer of woollen and worsted goods, said its net profit for the six months ended June 30 was $11.6 million, compared with $9.7 million in the first half of last year.
Total sales were $67.4 million, up from $55.2 million. Earnings per share came to 27 cents, compared with 23 cents.
In its earnings announcement, the company said no decision had been made as to whether or not a dividend would be paid for the first half.
Last year an eight-cent interim dividend was paid.