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SCMP Reporter

KA WAH BANK saw its net profit, after tax and minorities, rise 31.76 per cent to $110.38 million for the six months ending June 30.

  Earnings per share rose by a similar margin to 12.67 cents, after adjusting for a one-for-eight bonus issue in March.

  According to analysts who follow the group, the rise was in line with expectations.

  For the full year, The Estimate Directory says analysts expect the group to report 29 per cent growth in net profit to $263.5 million.

  Analysts are also forecasting earnings per share to rise 35 per cent to 31 cents with the dividend at five cents.

  In 1995 a similar growth in net profit and earnings per share is expected to yield $341 million and 40 cents.

  In 1993, Ka Wah, controlled by China International Trust and Investment Co, said net profit jumped 41.8 per cent to $204.8 million from $144.4 million a year earlier while earnings per share were 26.44 cents compared with 19 cents.

  At Union Bank of Hong Kong interim profit for the same period rose 39.6 per cent to $71.67 million.

  Earnings per share rose by 36 per cent to 30.2 cents.

  The dividend, payable on September 8, was declared at eight cents.

  The register of members of the bank will close from August 25 to the end of the month.

  ''Barring unforeseen circumstances the bank looks forward to maintaining satisfactory growth in the year 1994,'' said a statement.

  Union Bank of Hong Kong has posted a 41 per cent rise in profits for 1993 to $115.9 million, after taxation and transfers to inner reserves.

  Earnings per share for the year to December 31 rose 36 per cent to 49.48 cents a share.

  When compared with corresponding period last year, there were increases of 28.3 per cent and 27.6 per cent in deposits and loans respectively.

  Again, results were said to be in line with expectations.

  For the full year, analysts expect 29 per cent growth in profit to $150 million and earnings per share to rise by the same margin to 63 cents.

  In 1995, net profit is expected to go up by 27 per cent to $189.8 million with earnings per share up 29 per cent to 81 cents.



Ka Wah Bank nets $110m in half-year