Kumpulan Powernet Bhd reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported revenue from continuing operations of MYR 5,932,000 against MYR 4,699,000 a year ago. Operating profit from operations was MYR 974,000 against MYR 361,000 a year ago. Profit before taxation was MYR 949,000 against MYR 332,000 a year ago. Profit for the financial period was MYR 927,000 against MYR 301,000 a year ago. Profit attributable to owner of the parent was MYR 985,000 against MYR 302,000 a year ago. Basic earnings per ordinary share attributable to owners of the parent were 1.75 sen against 0.54 sen a year ago. For the year, the company reported revenue from continuing operations of MYR 15,862,000 against MYR 18,483,000 a year ago. Operating loss from operations was MYR 986,000 against MYR 35,000 a year ago. Loss before taxation was MYR 1,042,000 against MYR 102,000 a year ago. Loss for the financial period was MYR 1,120,000 against MYR 198,000 a year ago. Loss attributable to owner of the parent was MYR 867,000 against MYR 231,000 a year ago. Basic loss per ordinary share attributable to owners of the parent was 1.54 sen against 0.41 sen a year ago. Net cash used in operating activities was MYR 993,000 against net cash provided by operating activities of MYR 1,815,000 a year ago. Purchase of property, plant and equipment was MYR 218,000 against MYR 957,000 a year ago. The lower revenue was attributable to poor contribution from trading segment in United Kingdom as demand for products was slow due to the Eurozone debts crisis. The Group is expected to operate in a challenging environment in 2012 given the uncertainties arising from the Eurozone sovereign debts crisis. However, with the orders in hand and barring any unforeseen circumstances, the Group is optimistic that the Group's financial performance will be satisfactory in the coming quarter.