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Uniworld profits increase sharply

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UNIWORLD Holdings has posted a sharp increase in profit to $195.02 million from $18.13 million for the six months to September 30.

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Fully diluted earnings per share were 1.11 cents. Basic earnings were 1.25 cents a share, against 0.1561 cent previously.

Directors have recommended an interim dividend of 0.1 cent a share, compared with 0.044 cent in the previous period.

Turnover increased 43 per cent to $780.33 million from $546.12 million.

The company attributed the improvement to its major subsidiary, Chuang's Consortium International, which reported a 32.8 per cent growth in interim profit to $265.54 million.

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Fully diluted earnings per share were 24.47 cents, against 35.23 cents previously. Basic earnings were 34.41 cents a share, against 39.55 cents.

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