CONTINUING diversification efforts by Capital Asia saw its net profits rise 74.83 per cent to $93.77 million for the year ended March 31.
The property and equity investment holding company, which has been diversifying into other business activities in Hong Kong, Shanghai and other major Chinese cities, reported a 216 per cent rise in turnover to $900.93 million.
Turnover was given a big boost by disposal of the group's property interests, which was registered as an exceptional item worth $61.28 million, and shares of profits from associated companies of $14.31 million.
The group had continued to devote its resources to investments in the financial-service sector, culture and trade of marine products, consumable products, manufacturing, trading and retailing, in Hong Kong and China, said Alex Wong Ching-ping chairman of Capital Asia.
Earnings per fully diluted share was 21.7 cents.
A final dividend of one cent per share was declared, making a total dividend of two cents per share for the year. The final dividend will be paid to shareholders on the company register at the close of business on September 23.
