Steamships Trading Company Limited reported unaudited consolidated earnings results for the six months ended June 30, 2018. For the period, the company reported revenue from operations of PGK 269,921,000 against PGK 277,933,000 a year ago. Profit from operations before income tax was PGK 30,555,000 against PGK 54,149,000 a year ago. Profit attributable to continuing operations was PGK 10,933,000 or 54.6 toea per basic and diluted share against PGK 44,951,000 or 136.7 toea per basic and diluted share a year ago. Profit/total comprehensive income is attributable to owners of the company was PGK 18,171,000 or 58.6 toea per basic and diluted share against PGK 45,360,000 or 146.3 toea per basic and diluted share a year ago. Net operating cash flows were PGK 60,980,000 against PGK 76,932,000 a year ago. Payment for purchases of property, plant and equipment was PGK 26,342,000 against PGK 33,068,000 a year ago. Net tangible asset backing per ordinary security was PGK 25.57 against PGK 26.88 a year ago. Underlying profit attributable to shareholders was PGK 30,317,000 against PGK 34,158,000 a year ago. Capital expenditure was PGK 34,935,000.