Firm back in black
CHUANG'S China Investments has reported attributable profits of $104.7 million for the 15 months to March 31.
This compares with a loss of $17.2 million for the 12 months to December 31, 1991. The company changed its financial year-end from December 31 to March 31.
Earnings per share amounted to 30.4 cents on a fully diluted basis.
As at March 31, consolidated shareholders' funds were up 46.7 per cent at $1.14 billion, giving a net asset value of $3.61 a share.
Chairman Hwang Jen said the first phase of the Chuang's Garden project was completed and ready for occupation.
He believed the land bank the company had acquired would generate substantial profits for shareholders in the future.