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SCMP Reporter

TACK Hsin Holdings' 95.5 per cent fall in interim operating profit from $17.8 million to $800,000 was due to recent expansions of the restaurant group, says director Lai Lak-keung.

  Profit attributable to shareholders rose from $17.8 million to $59.5 million because of the sale of one of its two Tsim Sha Tsui restaurants for $58.6 million.

 Turnover increased 28.8 per cent from $183.6 million to $236.6 million and an interim dividend of two cents was declared, compared with 1.5 cents last year. Fully diluted earnings per share rose from 4.4 cents to 16.24 cents.



Tack Hsin falls on expansion