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. Meanwhile, the group reported that its banking arm, Xiamen International Bank, continued to enjoy increased deposits, assets and business volumes. However, due to declining interest margins, the bank recorded slightly lower income during the first six months. The bank is expected to report sound results for the second half and it is likely that its positive earnings trend will continue. Another subsidiary, Min Xin Insurance Co, registered excellent profit growth during the period and the group said it was confident the company would continue to perform strongly for the remainder of the year. In property, 51 per cent-owned Min Xin Properties had its first profitable half-year.