HWA Hong Corp. Ltd. announced group earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported revenue of $5,808,000 against $4,029,000 a year ago. Profit before taxation was $637,000 against loss before taxation of $1,095,000 a year ago. Net profit after taxation attributable to owner of the company was $2,419,000 or 0.37 cents basic and diluted per share against net loss after taxation attributable to owner of the company of $974,000 or 0.15 cents basic and diluted per share a year ago. Net cash generated from operating activities was $4,729,000 against net cash used in operating activities of $4,203,000 a year ago. Purchase of property, plant and equipment was $2,000 against $28,000 a year ago.

For the year, the company reported revenue of $26,378,000 against $28,119,000 a year ago. Profit before taxation was $6,322,000 against $2,958,000 a year ago. Net profit after taxation attributable to owner of the company was $7,051,000 or 1.08 cents basic and diluted per share against $2,152,000 or 0.33 cents basic and diluted per share a year ago. Revenue decreased by $1.8 million or 6.2% year on year, this was mainly attributed to decrease of $1.9 million in proceeds from sale of investment securities and reduction of $1.5 million from rental income. Net cash generated from operating activities was $6,604,000 against net cash used in operating activities of $2,531,000 a year ago. Purchase of property, plant and equipment was $398,000 against $346,000 a year ago. Net asset value per ordinary share as on December 31, 2012 was 30.15 cents against 29.84 cents as December 31, 2011.

For the year, on company basis, the company reported that net asset value per ordinary share as on December 31, 2012 was 29.12 cents against 27.58 cents as at December 31, 2011.