FAST-FOOD group Fairwood Holdings saw an 8.8 per cent fall in profit to $37.05 million for the six months ended September 30. The company attributed the decline to increased operating costs, most notably from rental expenses in Hong Kong and initial set-up expenses of operations in China. Earnings per share fell to 7.8 cents from 9.5 cents previously. An interim dividend of 2.5 cents per share was recommended. Turnover for the period increased by 21 per cent to $555 million. Managing director Dennis Lo said the recent introduction of a new corporate image would improve the company's competitive position in the growing fast-food market in Hong Kong.