Streamlined operations and tighter cost controls resulted in improved margins at Champion Technology Holdings, which reported interim profit rising 47 per cent on a 32 per cent increase in turnover.
The telecommunications and paging services company attributed the jump in turnover to vertical integration of its equipment manufacturing, network operation, telecom services, software development and distribution.
The margins were boosted by savings through volume purchases of components and effective controls on manufacturing and distribution overheads, chairman Paul Kan Man-lok said.
Profit for the six months to December 31, was $112.9 million, compared to $76.66 million for the same period a year earlier - in line with analyst expectations.
Turnover was $467.38 million, up from $355.24 million.
Last year, the company's shares plunged nearly 57 per cent in three weeks after reporting an unexpected 11.2 per cent fall in interim profits.