Suga International (00912) said its profit attributable to equity holders for the year ended 31 March 2016 dropped 53% year-on-year to HK$80.04 million.
Basic and diluted earnings per share were HK28.94 cents and HK28.89 cents.
The revenue was HK$1,368 million, an increase of 1.95% from a year earlier.
Gross profit grew 11.5% to HK$201 million, and gross profit margin increased to 14.7% from 13.4%. The improvement in gross profit margin was due to the Group's introduction of new products with higher profit margins and reflected the integration of the production facilities of its High-Tech Industrial Park in Dongguan, which has helped enhance its overall operational efficiency.
After excluding the one off net gain of about HK$117 million from the disposal of an industrial land parcel in Buji, Shenzhen, China and the relocation expenses incurred last year, profit attributable to shareholders increased by 49.9%.
The proposed final dividend is HK8 cents (2015: HK8 cents) per share, payable on or before 19 August 2016.
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