AbleGroup Berhad announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of MYR 7.736 million against MYR 0.861 million a year ago. Profit before taxation was MYR 0.508 million against loss of MYR 0.677 million a year ago. Profit attributable to owners of the company was MYR 0.508 million against loss of MYR 0.677 million a year ago. Diluted earnings per share were 0.192 sen against loss of 0.257 sen a year ago. The better performance for the fourth quarter of 2014 was mainly due to higher turnover being reported from profits of the two major projects.

For the year, the company reported revenue of MYR 18.75 million against MYR 5.14 million a year ago. Profit before taxation was MYR 245 million against loss of MYR 1.04 million a year ago. Profit attributable to owners of the company was MYR 245 million against loss of MYR 1.04 million a year ago. Diluted earnings per share were 0.093 sen against loss of 0.394 sen a year ago. This is mainly due to substantial construction works which has carried out during the current period for the on-going projects namely Damansara City and Le Nouvel. Net cash generated from operating activities was MYR 8.18 million against MYR 3.81 million a year ago. Purchase of property, plant and equipment was MYR 0.245 million against MYR 0.059 million a year ago.