Tuan Sing Holdings Limited reported audited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported revenue of SGD 98,029,000 compared to SGD 101,708,000 a year ago, the decrease was mainly due to lower revenue recorded in Industrial Services segment from SGD 46.0 million in fourth quarter of 2017 to SGD 37.4 million in the current quarter. Profit before tax and fair value adjustments were SGD 7,321,000 compared to SGD 11,484,000 a year ago. Profit before tax was SGD 52,219,000 compared to SGD 13,683,000 a year ago. Profit attributable to owners of the company was SGD 49,650,000 compared to SGD 12,461,000 a year ago. Basic and diluted earnings per share including fair value adjustments were 4.2 cents compared to 1.0 cents a year ago. Net cash from operating activities were SGD 58,899,000 compared to SGD 36,974,000 a year ago. Purchase of property, plant and equipment was SGD 1,465,000 compared to SGD 950,000 a year ago. Earnings per ordinary share, excluding fair value adjustments was 0.7 cents compared to 0.9 cents a year ago.

For the full year, the company reported revenue of SGD 357,922,000 compared to SGD 404,018,000 a year ago. Profit before tax and fair value adjustments were SGD 23,293,000 compared to SGD 37,742,000 a year ago. Profit before tax was SGD 68,107,000 compared to SGD 40,078,000 a year ago. Profit attributable to owners of the company was SGD 62,734,000 compared to SGD 33,585,000 a year ago. Basic and diluted earnings per share including fair value adjustments were 5.3 cents compared to 2.8 cents a year ago. Return on shareholders' funds was 6.6% compared to 3.7% a year ago. Net cash from operating activities were SGD 101,566,000 compared to SGD 190,103,000 a year ago. Purchase of property, plant and equipment was SGD 4,263,000 compared to SGD 4,098,000 a year ago. Earnings per ordinary share, excluding fair value adjustments was 1.8 cents compared to 2.7 cents a year ago.

Barring unforeseen circumstances, the Group will achieve a profit for the year 2018.