Min Xin posts $25m profit

THANKS to good results from its banking, insurance and property concerns, Min Xin Holdings has reported a 26.8 per cent increase in profit attributable to shareholders to $25.01 million for the first six months of the year.

This compares with $19.72 million in the same period last year.

Earnings per share rose from 7.99 cents to 8.63 cents.

However, the directors have resolved that no interim dividend will be paid.

The group reported a turnover of $89.8 million, up from $49.88 million in the previous period.

Operating profit rose to $13.18 million from $3.01 million.