THE Chevalier group has registered a rise in interim earnings for the six months ended September, due largely to an exceptional gain from property sales. The holding company, Chevalier International Holdings, said taxed profit soared 57 per cent to $107.79 million despite a 44 per cent plunge in sales revenue to $1.3 billion. The profit was boosted by an exceptional gain of $95.77 million from property disposal, which was also shown in the interim report of its property development arm, Chevalier Development International. An interim dividend of 4.5 cents will be given. Chevalier Development saw its taxed profit increase of 38 per cent to $101.03 million, with sales dropping 69 per cent to $487.26 million. Directors proposed an interim dividend of 6.5 cents a share. Chevalier (OA) International, which is engaged in office automation equipment and telecommunications equipment sales, bounced back into the black, with a net profit of $25.17 million compared with a loss of $6.88 million a year earlier. The company's sales were up 26 per cent to $594.64 million. No interim dividend will be given. Chairman Chow Yei-ching attributed the sales drop of Chevalier International to the fact that only a small proportion of income generated from the project under construction at Caine Road was recognised during the period. But overall profits increased because of the improved performance of the group's core businesses and the disposal of some investment properties.