INVESTMENT company Seapower Resources International, run by former stock exchange chief executive Francis Yuen Tin-fan, has more than doubled its first-half profits.
The group yesterday announced a 105 per cent leap in interim profits to $74.5 million for the six months to September 30.
Earnings per share rose 77 per cent from 3.6 cents to 6.4 cents a share on a substantially increased turnover of $270.8 million.
Directors have proposed an increased first-half dividend of three cents a share, compared with two cents for the same period last year.
Mr Yuen is both managing director and chairman of Seapower Resources, which is Hong Kong's largest cold storage operator.
The group also has fast food, financial services and real estate interests.