Sin Ghee Huat Corporation Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2016. For the quarter, the company reported revenue of SGD 13,252,000 against SGD 14,114,000 a year ago. Loss from operating activities were SGD 991,000 against SGD 1,251,000 a year ago. Loss before tax was SGD 898,000 against profit of SGD 1,325,000 a year ago. Net loss for the period was SGD 752,000 against profit of SGD 1,038,000 a year ago. Basic and diluted loss per share were 0.34 cents against 0.47 cents basic and diluted per share a year ago. Net loss attributable to equity holders of the company was SGD 783,000 against profit of SGD 1,093,000 a year ago. Net cash from operating activities was SGD 4,052,000 against SGD 140,000 a year ago. Purchase of property, plant and equipment was SGD 21,000 against SGD 234,000 a year ago.

For the nine months, the company reported revenue of SGD 41,175,000 against SGD 44,079,000 a year ago. Profit from operating activities were SGD 8,000 against SGD 3,463,000 a year ago. Profit before tax was SGD 241,000 against SGD 3,663,000 a year ago. Net profit for the period was SGD 163,000 against SGD 2,973,000 a year ago. Basic and diluted earnings per share were 0.07 cents against 1.34 cents a year ago. Net profit attributable to equity holders of the company was SGD 146,000 against SGD 3,087,000 a year ago. Net cash from operating activities was SGD 9,772,000 against net cash used in operating activities of SGD 404,000 a year ago. Purchase of property, plant and equipment was SGD 115,000 against SGD 753,000 a year ago.

The group is expected to incur a loss for the fourth quarter and full year ending 30 June 2016.