Tak Lee Machinery (HKG:2102) saw a 297% rise in attributable profit in the year ended July 31 to HK$28.2 million from HK$7.1 million in the year-ago period, a Monday filing with the Hong Kong bourse said.

Earnings per share for the construction and machinery equipment company rose to HK$0.0282 from HK$0.0071 in the previous corresponding year.

Revenue for the fiscal year jumped 18% to HK$330.7 million from HK$279.3 million a year prior.

The increase in revenue was mainly due to higher sales of heavy equipment and spare parts and a boost in revenue from the leasing business.

The firm declared a final dividend of HK$0.02 per share for the year, payable on or around Dec. 19 to shareholders of record on Dec. 5.