Artivision Technologies Ltd. announced unaudited consolidated earnings results for the fourth quarter and full year ended March 31, 2018. For the quarter, the company reported loss before income tax of SGD 560,000 against SGD 998,000 a year ago. Loss from continuing operations was SGD 560,000 or 0.03 cents basic and diluted per share against SGD 998,000 or 0.05 cents diluted per share a year ago. Total losses were SGD 2,473,000 or 0.14 cents basic and diluted per share against SGD 7,432,000 or 0.35 cents diluted per share a year ago. Total comprehensive loss was SGD 2,444,000 against SGD 7,656,000 a year ago.

For the year, the company reported loss before income tax of SGD 3,381,000 against SGD 5,784,000 a year ago. Loss from continuing operations was SGD 3,381,000 or 0.19 cents basic and diluted per share against SGD 5,784,000 or 0.39 cents diluted per share a year ago. Total losses were SGD 8,119,000 or 0.45 cents basic and diluted per share against SGD 15,856,000 or 1.07 cents diluted per share a year ago. Total comprehensive loss was SGD 7,065,000 against SGD 16,562,000 a year ago. Net cash used in operating activities SGD 2,340,000 against SGD 7,675,000 a year ago. Additions to property, plant and equipment were SGD 1,000 against SGD 84,000 a year ago.

The company announced property, plant and equipment written off for the fourth quarter ended March 31, 2018. For the quarter, the company reported property, plant and equipment written off of SGD 1,000.