Andulela Investment Holdings Limited announced consolidated earnings results for the full year ended December 31, 2017. For the year, the company reported revenues of ZAR 1,397,895,000 compared to ZAR 1,278,433,000 a year ago. Gross profit was ZAR 217,076,000 compared to ZAR 215,244,000 a year ago. Loss before taxation was ZAR 315,729,000 compared to ZAR 68,881,000 a year ago. Net loss for the year was ZAR 312,203,000 compared to ZAR 68,033,000 a year ago. Net loss attributable to equity holders of company was ZAR 260,048,000 compared to ZAR 55,325,000 a year ago. Headline loss Attributable net loss was ZAR 260,048,000 or 10.59 cents per ordinary share compared to ZAR 55,325,000 or 4.02 cents per share a year ago. Net cash from operating activities was ZAR 39,116,000 compared to ZAR 12,257,000 a year ago. Acquisition of plant and equipment was ZAR 16,370,000 compared to ZAR 32,962,000 a year ago. Revenue increased by 9.1% from 2016 to 2017, mainly due to an increase in the average price per ton of 8% and a 1% increase in volume sales during the year. Capital expenditure of ZAR 16.4 million was incurred during 2017 to replace old plant and equipment with newer technology which contributed to reduce production costs and improve profitability. Loss per ordinary share was 296.71 cents against 63.12 cents a year ago.