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Century City net takes 45pc leap

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SCMP Reporter

CENTURY City International Holdings has recorded a 45 per cent year-on-year increase in interim net profits to $189.91 million for the six months to June 30.

Paliburg International Holdings, in which Century holds a 74 per cent stake, announced a 113 per cent leap in interim profits over the same period to $225.17 million.

And Regal Hotels International Holdings, in which Paliburg has a 49 per cent stake, has reported a 23.7 per cent year-on-year rise in interim profits to $100 million.

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Lo Yuk-sui, chairman of all three, described the results as ''very satisfactory'' and pointed to even brighter times ahead.

The directors of Century have declared an interim dividend of 2.3 cents a share.

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Century's turnover jumped 38 per cent to $441 million while earnings per share rose 10 per cent to 14 cents a share.

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