PROPERTY and construction company Chevalier Development International saw its profit almost halved to $73.13 million for the six months ended September 30, 1993, from $140.67 million for the same period in 1992.
Fully diluted earnings per share were 17 cents, against basic earnings of 35 cents a share previously.
This was despite a rise in turnover for the period of 18.4 per cent to $1.58 billion from $1.34 billion.
The company will pay an interim dividend of six cents a share, with scrip option.
Its parent group, Chevalier International Holdings, also reported a 22.6 per cent fall in profit to $68.6 million for the same period.
Fully diluted earnings per share dropped by 18.3 per cent to 10.7 cents from 13.1 cents previously.
Turnover increased by 19.6 per cent to $2.34 billion from $1.95 billion. An interim dividend of four cents a share was recommended.
