K WAH International Holdings group posted mixed results for the year ended March, with listed subsidiary International Pipe's profits dragged down by the net losses of associated companies. K Wah International said its net profit jumped 37 per cent to $233.91 million, including an exceptional gain of $24.20 million which came from a reduction of interests in a subsidiary. Its turnover rose 17 per cent to $1.14 billion. Basic earnings per share were 31.6 cents, with a final dividend in scrip form of 10 cents. The company said the performance of its construction materials division was still suffering because sales were priced according to long-standing contracts. Meanwhile, International Pipe posted a 19 per cent drop in net profit to $22.78 million, despite a 12 per cent increase in turnover to $97.08 million. During the year under review, the company shared losses of $8.79 million from associated companies compared with losses of $1.03 million in the previous year. A final dividend of four cents will be paid on earnings per share of 10.7 cents.