Oxley Holdings Limited reported unaudited group earnings results for the second quarter and six months ended December 31, 2017. For the quarter, the company reported revenue of SGD 406,094,000 compared to SGD 605,733,000 a year ago. Profit before income tax was SGD 84,186,000 compared to SGD 160,287,000 a year ago. Profit net of tax was SGD 68,238,000 compared to SGD 123,175,000 a year ago. Profit net of tax attributable to owners was SGD 68,023,000 compared to SGD 123,749,000 a year ago. Net cash flows generated from operating activities was SGD 177,612,000 compared to SGD 362,544,000 a year ago. Additions of Property, Plant and Equipment were SGD 71,000 compared to SGD 34,183,000 a year ago. Diluted earnings per share were 2.10 cents compared to 3.84 cents a year ago. The decrease in profit before tax was mainly attributable to partially offset by an increase in share of profits from equity-accounted joint ventures and associates by SGD 60.58 million. The increase in share of profits from equity-accounted joint ventures and associates was mainly contributed by Galliard and The Bridge, a joint venture project in Cambodia, which amounted to SGD 4.80 million and SGD 61.65 million respectively. The revenue was mainly due to recognition of revenue using the completion of construction method upon the handover of certain plots in The Royal Wharf Phase 1A and 1B. For the six months, the company reported revenue of SGD 716,716,000 compared to SGD 732,192,000 a year ago. Profit before income tax was SGD 138,676,000 compared to SGD 180,031,000 a year ago. Profit net of tax was SGD 114,169,000 against SGD 138,514,000 a year ago. Profit net of tax attributable to owners was SGD 116,765,000 compared to SGD 130,864,000 a year ago. Net cash flows generated from operating activities was SGD 240,288,000 compared to SGD 508,494,000 a year ago. Additions of Property, Plant and Equipment were SGD 32,913,000 compared to SGD 53,918,000 a year ago. Diluted earnings per share were 3.62 cents compared to 4.06 cents a year ago. The decrease in profit before tax was mainly attributable to partially offset by an increases in share of profits from equity-accounted joint ventures and associates by SGD 74.81 million. The increase in share of profits from equity-accounted joint ventures and associates was mainly contributed by Galliard and The Bridge, a joint venture project in Cambodia, which amounted to SGD 10.43 million and SGD 68.92 million respectively. The revenue was mainly due to recognition of revenue using the completion of construction method upon the handover of certain plots in The Royal Wharf Phase 1A and 1B.