Citic Pacific 2011 Net Profit Rises 4%

Citic Pacific Ltd

posted a 4% rise in its 2011 net profit. Citic Pacific's net profit for the period surged to HK$9.23 billion, from a restated HK$8.89 billion, in the year-ago period. Its revenue jumped 42% to HK$100.09 billion from HK$70.61 billion. Citic Pacific also declared a dividend of HK$0.45 for the full year. Citic Pacific shares closed at $9.30 yesterday.