CDL Hotels International's sale of its stake in Trans Oil boosted its interim attributable profit by 113.38 per cent to $226.02 million in the six months to June 30, compared with the same period last year. The sale of Trans Oil, which was booked as an exceptional item, netted $86.34 million. Turnover rose 59.85 per cent to $1.1 billion on increased contributions from recently acquired hotels in New Zealand. Earnings per share jumped 91.25 per cent to 14.88 cents, and an interim dividend of two cents per share was recommended. CDL Hotels Holdings New Zealand contributed $41 million to the group's pre-tax profit. This represented a year-on-year increase of 935 per cent. All the subsidiary's owned and leased hotels achieved improved occupancy in the period, according to group chairman Kwek Leng-beng, While market buoyancy contributed to the improved profits, operational efficiencies resulted in an increase in the overall operating margins of the hotels. In Hong Kong, Hotel Nikko continued to enjoy improved occupancy and room rate. The share of profit from Nikko amounted to $16 million, 407 per cent up on the same period last year. The group's three hotels in Singapore continued to enjoy good occupancy levels and improved rates in the period. Their combined pre-tax profit came to $82 million, a 36 per cent rise on last year. The hotels are expected to continue to perform satisfactorily in the second half of the year.