KTL Global Limited reported unaudited group earnings results for the second quarter and half year ended December 31, 2011. For the quarter, the company reported revenue of SGD 12,293,000 against SGD 16,651,000 a year ago. Loss from continuing operations was SGD 1,299,000 against profit from continuing operations of SGD 365,000 a year ago. Loss from continuing operations before taxation was SGD 1,596,000 against profit from continuing operations before taxation of SGD 106,000 a year ago. Loss from continuing operations, net of tax was SGD 1,544,000 against profit from continuing operations, net of tax of SGD 101,000 a year ago. Loss attributable to owners of the parent was SGD 1,529,000 or 1.0 cent per fully diluted share against profit attributable to owners of the parent of SGD 85,000 or 0.1 cent per fully diluted share a year ago. Net cash flows generated from operating activities was SGD 3,320,000 against SGD 3,046,000 a year ago. Purchase of property, plant and equipment was SGD 1,258,000 against SGD 3,152,000 a year ago. The decrease in revenue was mainly due to the decrease of SGD 5.5 million in revenue from the O&G segment as the company received fewer orders from customers who were affected by the European financial crisis as their projects were delayed. Net cash flows generated from operating activities arose mainly from decrease in trade receivable due to lower sales and tightening of credit control and decrease in inventory due to the tightening of inventory purchases. For the half year, the company reported revenue of SGD 29,966,000 against SGD 29,704,000 a year ago. Loss from continuing operations was SGD 903,000 against SGD 384,000 a year ago. Loss from continuing operations before taxation was SGD 1,463,000 against SGD 872,000 a year ago. Loss from continuing operations, net of tax was SGD 1,509,000 against SGD 875,000 a year ago. Loss attributable to owners of the parent was SGD 1,493,000 or 0.9 cent per fully diluted share against SGD 885,000 or 1.0 cent per fully diluted share a year ago. Net cash flows generated from operating activities was SGD 1,597,000 against SGD 4,183,000 a year ago. Purchase of property, plant and equipment was SGD 4,132,000 against SGD 3,573,000 a year ago. The increase in net loss attributable to the shareholders of the group was due to lower other operating income, higher operating cost, share of loss of a joint venture company and higher finance expenses, partially offset by higher gross profit. Net cash flows generated from operating activities decreased mainly due to the decrease in trade receivable due to lower sales and tightening of credit control and decrease in inventory due to the tightening of inventory purchases. Barring unforeseen circumstances, the revenue for the third quarter of fiscal year 2012 is expected to be higher than that of the second quarter of fiscal year 2012.