AbleGroup Berhad announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported revenue of MYR 7,094,000 compared to MYR 7,736,000 a year ago. The lower revenue was due to lower progress billings from on-going projects and nearly completion of 2 major projects. Loss before tax was MYR 884,000 compared to profit of MYR 508,000 a year ago. Loss attributable to equity holders of the parent was MYR 884,000 or 0.335 sen per basic and diluted share compared to profit of MYR 508,000 or 0.192 sen per basic and diluted share a year ago, due to impairment loss on trade receivables amounted MYR 0.77 million and another MYR 0.22 million was provided for slow moving inventories.

For the year, the company reported revenue of MYR 27,726,000 compared to MYR 18,749,000 a year ago. The increase in revenue for FPE15 is mainly attributed to the higher percentage of completion of major projects in current year. Loss before tax was MYR 1,425,000 compared to profit of MYR 245,000 a year ago. Loss attributable to equity holders of the parent was MYR 1,425,000 or 0.540 sen per basic and diluted share compared to profit of MYR 245,000 or 0.093 sen per basic and diluted share a year ago. Net cash flows from operating activities were MYR 1,255,000 compared to MYR 7,701,000 a year ago. Purchase of property, plant and equipment was MYR 63,000 compared to MYR 245,000 a year ago. Net cash flows from operating activities were MYR 1,255,000 compared to MYR 7,701,000 a year ago. Purchase of property, plant and equipment was MYR 63,000 compared to MYR 245,000 a year ago.