MOULIN International Holdings recorded a 112 per cent rise in profit to $24.17 million for the six months to September 30. Earnings per share were 7.9 cents. Turnover rose 22.7 per cent, from $87.56 million to $107.44 million. The company, listed in October, will pay an interim dividend of 2.55 cents per share. Moulin attributed the profit growth to an increase in sales of metal-based optical frames, generating a higher profit margin, and expansion of sales in overseas markets. To diversify its market exposure, the group will enter into a 50:50 optical retail chain joint venture in China. It plans to open six optical super-stores and 25 optical stores in China over the next three years. The company also plans to form a joint venture with three German partners to produce titanium optical frames in China.