Acme Landis profit up 14pc

ACME Landis Holdings has posted a 14 per cent rise in year-end profits for last year to $28.7 million.

Company secretary David Chiu Chun-leong said the sanitary-ware business had performed above expectations despite decreasing activity in the property market in China.

Turnover for the 12 months to December 31 rose four per cent to $348.4 million, while earnings per share climbed 14 per cent to 17.9 cents.

In view of the better results, an increased final dividend of 5.8 cents per share will be paid.