HKG:0640

Infinity Development's Fiscal H1 Profit Slips 14%

Infinity Development (HKG:0640) recorded an attributable profit of HK$48.8 million in the fiscal first half, down 14% from HK$56.6 million a year prior, according to the company's interim report posted with the Hong Kong bourse Monday.Basic earnings per share in the six months ended March 31 slipped to HK$0.1602 from HK$0.201 in the corresponding period of the previous year.Revenue slipped 1.9% to HK$401.5 million in the interim period from HK$409.3 million in the year-ago period.The chemical company declared an interim dividend of HK$0.079 per ordinary share for the half-year, payable June 18 to shareholders of record on June 8.