Three months later, CITIC Pacific bought out the other members of the consortium (which included ultimate parent CITIC) and gained a more than 97 percent share of Hang Chong. Under terms of the deal, valued at HK$3 billion (US$385 million), CITIC Pacific also bought an additional 7.8 percent of Dragonair from CITIC, boosting CITIC Pacific's share of the airline to 46.1 percent, for HK$93 million (US$12 million). The company's sales, which had reached HK$118 million in 1991, skyrocketed to HK$7.8 billion in 1992. Net profits for the year were up 212 percent, to HK$1.2 billion.