A PROPERTY development venture has lifted the interim profit of Asean Resources Holdings by six times to $247.52 million for the six months to September. The company's annual result showed it chalked up pre-tax profit of $263.86 million from its share of results of associated companies. But its turnover was down 36 per cent to $60.31 million, with operating profit of $28.59 million. Basic earnings per share were 28.63 cents, compared with 5.99 cents a year ago. Directors proposed an interim dividend of two cents, unchanged from last year. Chairman Peter Chan Boon-ho said a significant part of the company's net profit came from a joint venture of a commercial development project on Des Voeux Road West, because the occupation permit was issued in June.
