AbleGroup Berhad reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, revenue was MYR 5.724 million against MYR 4.290 million a year ago. Loss before taxation was MYR 0.664 million against profit before taxation of MYR 0.073 million a year ago. Loss attributable to the equity holders of the parent was MYR 0.664 million or 0.252 sen per basic and diluted share against profit attributable to the equity holders of the parent of MYR 0.073 million or 0.028 sen per basic and diluted share a year ago. The higher revenue is from the on-going projects. Net loss was due to lower revenue to be recognised from a project as a result of omission of certain works in the contract.

For the six months, revenue was MYR 13.580 million against MYR 7.120 million a year ago. Loss before taxation was MYR 0.243 million against MYR 0.454 million a year ago. Loss attributable to the equity holders of the parent was MYR 0.243 million or 0.092 sen per basic and diluted share against MYR 0.454 million or 0.177 sen per basic and diluted share a year ago. Net cash from operating activities were in negative at MYR 1.211 million against MYR 3.956 million a year ago. Purchase of property, plant and equipment was MYR 0.063 million against MYR 0.248 million a year ago.