Hop Hing Group (00047) said its profit attributable to the equity holders for the six months ended 30 June 2014 surged 30.3 times year-on-year to HK$17.48 million.
Its basic and diluted earnings per share were HK0.17 cent.
The turnover from continuing operations amounted to HK$1,057 million, an increase of 5.6% from a year earlier.
The higher profit for the period compared to the corresponding period in 2013 was mainly due to the inclusion within the profit for the six months ended 30 June 2013 of a loss of HK$51.7 million from the edible oil operation of the Group (the discontinued operation), which represented a book loss of HK$46.3 million incurred upon disposal of the discontinued operation and the loss of HK$5.4 million incurred by the discontinued operation during the period from 1 January 2013 to the date of completion of the relevant disposal transaction.
No interim dividend will be distributed.
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