GARMENT-maker YGM Trading has announced a profit of $92.82 million for the year to March 31. The results are a 6.6 per cent gain on the previous year when $91.57 million profit was realised. Earnings per share were 66 cents, up from 62 cents in 1993. Turnover increased 38 per cent to $1.21 billion compared with $879.2 million last year. A final dividend of 26 cents per share was recommended. The company's main business is in retailing, with leading brands including Valentino and Pierre Cardin. Company chairman S K Chan said that in spite of sharp increases in rents and wages the group in Hong Kong performed well over the year. China operations have started to show a profit with the marketing of Pierre Cardin and Michelle Rene clothes in Shanghai and Guangzhou. The company's Taiwan operations have experienced a period of strong growth in both turnover and profits, and it is now as important for the company as Hong Kong. Clothing manufacturing will be stepped up with the construction of a new 250,000 square foot factory in Dongguan which is scheduled for completion early next year. The company also made a $12 million gain from the sale of shops in Tokwawan. During the year the company also disposed of its 24.5 per cent stake in Yangtzekiang Garment manufacturing company, which also announced its year-end results yesterday. Yangtzekiang Garment produced a net profit of $7.39 million for the year compared with $32.66 million in 1993. Earnings per share dropped to eight cents from 22 cents last year. Turnover was $787.29 million for the year compared with $775.41 million previously. A dividend of two cents was declared, compared with three cents last year. Mr Chan said that almost all divisions except the factory in Macau had made a loss. High wages, stronger competition, and a weaker US market were cited as the reasons for the poor performance.