Sycal Ventures Berhad reported consolidated unaudited earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported revenue was MYR 20,570,000 against MYR 123,599,000 reported last year. Profit from operations was MYR 2,514,000 against MYR 9,282,000 reported last year. Profit before tax was MYR 2,140,000 against MYR 8,792,000 reported last year. Profit attributable to owners of the company was MYR 1,376,000 or 0.43 sen basic per share against MYR 6,975,000 or 2.18 sen basic per share reported last year. Net cash flow from operating activities was MYR 3,770,000 against MYR 15,517,000 reported last year. Purchase of property, plant and equipment was MYR 61,000 against MYR 1,539,000 reported last year. Revenue and gross profit had reduced substantially following the completion of some of the construction contracts and general slow down in the properties sales.

The Board remains cautiously optimistic that the Group's performance will be satisfactory for the remaining period for 2016.