Green & Smart Holdings PLC reported unaudited consolidated earnings results for the six months ended March 31, 2016. For the period, the company reported revenue of MYR 21,780,000 against MYR 720,000 a year ago. Operating profit was MYR 4,821,000 against MYR 319,000 a year ago. Profit before tax was MYR 4,821,000 against MYR 319,000 a year ago. Profit after taxation attributable to owner of the company was MYR 4,821,000 or 1.74 cents per basic and diluted shares against MYR 319,000 or 0.12 cents per basic and diluted shares against a year ago. Net cash used in operating activities was MYR 9,119,000 against net cash from operating activities of MYR 397,000 a year ago. Purchase of plant and equipment was MYR 214,000 against MYR 4,717,000 a year ago.

Additionally, the Group announced that it was awarded a substantial EPCC project totaling MYR 63.5 million revenues. At least 30% of the revenues will be recognised in 2016 and the remained in 2017. As a result, the Group now expects to announce revenues well ahead of management's previous expectations for 2016 and 2017.