(Yicai Global) Aug. 28 -- Some 43 percent of Fosun International's CNY68.5 billion (USD9.6 billion) first-half income came from abroad, according to the Chinese conglomerate's interim report.

Nearly 63 percent of overseas revenue came from Europe, the Middle East and Africa, over a quarter came from the Americas and the remainder from emerging markets, the Shanghai-based firm said yesterday.

Net profit attributable to shareholders hit a record high CNY7.6 billion (USD1.1 billion) for the period, up 11 percent annually, pushing its share price [HKG:0656] up 3.87 percent to close today's morning session at HKD9.94 (USD1.27).

Fosun must focus on improving its return on equity at subsidiaries in the mid-term in order to create more goo brands and products, optimize operational efficiency and integrate across sectors, Chairman Guo Guangchang said. In the long term, it needs to have one Fosun system supporting several product lines to offer world-class quality to a billion households worldwide, he added.

The firm's Happiness Ecosystem -- its sports and tourism businesses -- boosted profit attributable to the parents' shareholders by 86 percent to CNY1.8 billion, largely thanks to Fosun Tourism Group and its Premier League football team Wolves turning losses into profit. Foliday earned CNY490 million (USD68.5 million) in the half, compared with a CNY250 million loss a year earlier.

Fosun Pharma and its investments in the healthcare industry also contributed, with profit rising 4 percent from a year earlier, and Portuguese Commercial Bank earned EUR170 million (USD188.5 million), a 13 percent gain. Fosun Insurance Portugal, however,  decreased profit by 6 percent due to fluctuations in the capital market, the report said.

Editor: James Boynton