HOLIAN Investments has turned around to make a profit of $8.84 million for the year to April 30, against the previous loss of $21.92 million.
Earnings per share were 2.32 cents, against the previous year's loss per share of 6.72 cents.
The directors did not recommend a final dividend, and no interim dividend was paid during the year.
Turnover plunged 65 per cent to $181.74 million, against the previous $519.65 million.
After an extraordinary loss of $72.54 million, loss attributable to shareholders was $63.70 million, a 34 per cent drop on the previous year's loss of $96.75 million.
A $44.9 million provision for interests in unconsolidated subsidiaries, and a $20.07 million loss on the sale of shares in certain subsidiaries, account for most of the extraordinary loss.
