WALSIN International Holdings has reported an after-tax profit of $18 million for the year ended December 31. This compares with $161.2 million in the previous year ended April. The final result covers an eight-month period because the company changed its year-end from April 30 to December 31, to coincide with that of its parent company, Walsin Lihwa Corp. Turnover was $218.67 million, compared with $26.06 million previously. In the previous year, profit on disposal of subsidiaries of $158.09 million and loss on disposal of an associated company of $8.27 million were presented as extraordinary items. Earnings per share were 8.57 cents, compared with 86.3 cents previously. No dividend was declared. Separately, China Motor Bus Co has reported a 4.3 per cent slide in after-tax profits to $40.2 million for the six months to December 31. Turnover fell 4.11 per cent to $383.96 million. Earnings per share also took a dip, falling 4.39 per cent to 0.87 cent. An interim dividend of 21 cents was recommended, unchanged from the previous year. The company also recommended a special dividend of 30 cents.