KTL Global Limited reported consolidated earnings results for the second quarter and six months ended December 31, 2012. The company reported revenue of SGD 12,115,000, loss from operations of SGD 1,433,000, loss from operations before taxation of SGD 1,599,000, loss attributable to owners of the company of SGD 1,590,000 or 1 cent per diluted share against revenue of SGD 12,293,000, loss from operations of SGD 1,299,000, loss from operations before taxation of SGD 1,596,000, loss attributable to owners of the company of SGD 1,529,000 or 1 cent per diluted share a year ago. Net cash used in operating activities was SGD 766,000 against net cash from operating activities of SGD 3,320,000 a year ago. Purchase of property, plant and equipment was SGD 1,289,000 against SGD 1,258,000 a year ago.

For the six months, the company reported revenue of SGD 29,309,000, loss from operations of SGD 1,240,000, loss from operations before taxation of SGD 1,629,000, loss attributable to owners of the company of SGD 1,610,000 or against revenue of SGD 29,966,000, loss from operations of SGD 903,000, loss from operations before taxation of SGD 1,463,000, loss attributable to owners of the company of SGD 1,493,000 or a year ago. Net cash from operating activities was SGD 464,000 against net cash from operating activities of SGD 1,597,000 a year ago. Purchase of property, plant and equipment was SGD 1,488,000 against SGD 4,132,000 a year ago. The decrease in revenue was mainly due to generally lower demand for oil and gas ("O&G") products and services. The net loss attributable to the shareholders of the group for first half was due to lower revenue and lower gross profit, which were partially offset by higher other operating income, lower operating expenses, lower other operating expenses and lower finance costs.

For the third quarter, however, barring unforeseen circumstances, the revenue is expected to be higher than that of second quarter of 2013.