Gefung Holdings Bhd reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported net loss and loss attributable to equity holders of the parent was MYR 40,629,000 on total revenue was MYR 1,305,000 against net loss and loss attributable to equity holders of the parent was MYR 48,413,000 on total revenue was MYR 7,048,000 a year ago. Loss before tax from continuing operations and net loss from continuing operations was MYR 22,652,000 or 14.63 sen per basic share against loss before tax from continuing operations and net loss from continuing operations was MYR 32,570,000 or 21.04 sen per basic share a year ago. Net operating loss was MYR 4,619,000 compared to MYR 1,724,000 a year ago. The group achieved revenue, 65% lower compared to previous period. The lower revenue registered mainly due to no significant projects being secured during the period concerned couple with market sentiments in China are not so encouraging. The higher loss before taxation was mainly due to loss recognized on mark to fair value on the net assets of the Disposal Group, impairment loss on goodwill, provision for slow-moving inventories and lower margin. The group loss after taxation decreased mainly due to loss recognized on mark to fair value on the net assets of the Disposal Group couple with impairment loss on goodwill. For the full year, the company reported net loss and loss attributable to equity holders of the parent was MYR 50,376,000 on total revenue was MYR 10,803,000 against net loss and loss attributable to equity holders of the parent was MYR 56,798,000 on total revenue was MYR 25,512,000 a year ago. Loss before tax from continuing operations and net loss from continuing operations was MYR 24,139,000 or 15.59 sen per basic share against loss before tax from continuing operations was MYR 37,879,000 and net loss from continuing operations was MYR 37,856,000 or 24.45 sen per basic share a year ago. Net operating loss was MYR 6,106,000 compared to MYR 7,033,000 a year ago. Net cash flows from operating activities was MYR 6,647,000 compared to MYR 1,352,000 a year ago. Purchase of property, plant and equipment was MYR 722,000 compared to MYR 3,137,000 a year ago. Net assets per share attributable to ordinary equity holders of the parent were MYR 0.2800 against MYR 0.5300 for the same period a year ago. The group achieved revenue, 57% lower compared to previous period a year ago. The lower turnover registered in fiscal year 2011 is mainly due to no significant projects being secured both locally and overseas during the period concerned. The losses recorded in fiscal year 2011 is mainly due to loss recognized on mark to fair value on the net assets of the Disposal Group, impairment loss on goodwill, provision for slow-moving inventories and lower margin. The company announced the impairment loss on goodwill was MYR 18,033,000 against MYR 30,846,000 for the same period a year ago.