THE disposal of quotas and other assets have boosted the net profit of Englong International, which soared 122.65 per cent to $138.4 million for the year to December. Fully diluted earnings per share were $1.12, an 83.6 per cent surge on the previous basic earnings per share of 61 cents. Basic earnings per share rose 116 per cent to $1.32. The directors do not recommend a final dividend payment. For 1992, a final dividend of 10 cents per share was paid. ''The profit for 1993 was mainly attributable to the disposal of garment manufacturing quotas and operations when the company changed hands,'' said chairman Michael Huang yesterday. ''Competitive market conditions in the United States had prevented the group from achieving higher profit margins for its garment manufacturing business.'' Turnover increased 6.3 per cent to $112.9 million, compared with the previous $106.18 million. ''In property development and investment, the acquisition of a property in Houston Centre, a prime office building in Tsim Sha Tsui, was completed in December 1993. This investment has begun to generate stable rental income for the group,'' Mr Huang said. In March, it entered into an agreement with the Chinese Dragon Film Festival executive committee to form a joint venture company to operate a commercial complex in Zhuhai, China. Construction is scheduled to be completed by the middle of next year. ''On the investment holding front, the group will acquire shares and controlling interests instead of passive equity investments.'' The group has agreed to dispose of its minority shareholding in MKI Corp on May 16.