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Man Wah Holdings Limited recorded a revenue increase of 40.7% to HK $474.9 million as compared to HK$ 337.5 million due to expanding market share in North America and rising domestic sales in PRC of “Cheers” specialty stores. Cost of goods sold increased by 23.5% to HK$309.3 million as a result of higher sales. Gross profit margin rose to 34.9% from 25.8%. Profit for the period was HK$62.6 million.

Sim Siang Choon Ltd (“The Group”) revenue increased by 12% to $21.5 million as a result of improved property market. Consequently, gross profit improved by $1.1 million to $10.1 million. Profit before tax increased by $11.3 million to $13.4 million. Profit after tax increased by 664% to $13 million.

Eu Yan Sang International Ltd (“The Group”) revenue rose 15% to S$208.5 million for the year ended 30th June 2008. Gross margin remained stable at 50.1% despite general increase in raw material costs. Profit for the year is lower by 67% to S$4.9 million as compared to FY2007. This was mainly due to the impairment of Red White & Pure Pte Ltd’s fixed assets.

Karin Technologies Holdings (“The Group”) recorded its best ever revenue for the year ended 30 June 2008. Revenue grew 31.1% to HK$1,893.9 million from HK$1,444.1 million for last year. Gross profit increased by HK$41.6 million or 29.6%, from HK$140.7 million for the year ended 30 June 2007 to HK$182.3 million for the year ended 30 June 2008. There was no material difference in gross profit margin from last year. Net profit attributable to equity holders of the parent increased by HK$20.2 million or 49.1%, from HK$41.1 million for the year ended 30 June 2007 to HK$61.3 million for the year ended 30 June 2008.

HUPSteel Limited posted turnover for the fourth quarter ended 30 June 2008 (4QFY08) that rose 63% to $141.8M from $86.9M reported in the corresponding quarter (4QFY07). Gross profit margin for 4QFY08 improved to 23.8% and compared to the 20.0% achieved in the corresponding quarter of 4QFY07. Gross profit margin for FY08 was 20.1%, which is comparable to the 21.2% achieved for FY07. Net profit after tax for FY08 rose 45% to $45.2M from $31.2M reported for FY07.

Sun East Group Limited (“The Group”) posted revenue that amounted to HK$408.1 million which represented a growth of 31% as compared with FY2007. Our gross profit increased by 11% from HK$240.4 million in FY2007 to HK$267.6 million in FY2008. Gross profit margin decreased from 77.4% in FY2007 to 65.6% in FY2008. Net profit decreased by 54% from HK$102.9 million for FY2007 to HK$46.8 million for FY2008. The decrease was mainly due to the impairment loss of distribution rights of HK$40.9 million and impairment loss

Tai Sin Electric Limited (“The Group”) reported revenue of $256.92 million for the twelve months ended 30 June 2008, a rise of 10.40% compared to 2007. Profit after tax of $22.44 million for the twelve months ended 30 June 2008, an improvement of 7.25% compared to the same period in 2007.