Recor profits rise 41pc

AUDIO-VISUAL products maker Recor Holdings has posted a 41.1 per cent increase in profit to $30.09 million for the six months to September 30.

Turnover rose 13.8 per cent, from $543.22 million to $618.24 million. No interim dividend was recommended.

Recor, which was listed on the stock exchange last October, said it continued to expand its market shares in cordless phones, large-screen colour televisions and audio equipment.

The company said its 60,000-square foot plant in Qingxi would increase the capacity of its plastic injection operation. Its joint venture in Fuzhou would provide new market opportunities.