Sa Sa international interim increases 51pc Cosmetic retailer Sa Sa International Holdings saw its interim profit rise 51.21 per cent to $48.66 million. Turnover in the six months to September was $785.61 million, up 3.31 per cent from last year. The group said the rise in profit was mainly due to the sale of its loss-making Sa Sa Ebeca cosmetic unit in the mainland for $3 million and the fast recovery of Hong Kong's retail sector in the second quarter. It proposed an interim dividend of two cents and a special dividend of one cent. Big four losses uncovered China's banking regulator has uncovered huge losses incurred by the country's Big Four state banks relating to their bill finance operations during a full inspection of the banks' loan books and off-balance-sheets accounts in the second half of this year. Shaw brothers profit dips Filmmaker Shaw Brothers (Hong Kong) said net profit dropped 12.15 per cent to $35.74 million in the six months to September, compared with a year ago. It said an interim dividend of five cents a share would be paid - the same as last year. Chuang's back in black Property developer Chuang's China Investments recorded a net profit of $5.2 million for the six months to September, compared with a loss of $6.9 million a year ago. Turnover was down 24 per cent at $28.3 million. Warderly agrees to sale Ventilator and radiator maker Warderly International Holdings has agreed to sell 42.2 million existing shares to Cathay Investment Fund for $1.11 each, a 1.77 per cent discount to Monday's closing price of $1.13.