Motor distributor Tan Chong International has posted a 91% rise in net profit to HK$2.06 billion ($329.2 million) for the year ended Dec 31.

Contribution to consolidated profit derived from an increase in fair values of listed securities amounted to HK$1.4 billion.

Full year revenue rose 40.1% to a record HK$9.15 billion.

In Singapore, Nissan vehicles experienced a 12% y-o-y increase in sales units despite an extremely challenging car market last year.