UPP Holdings Limited announced unaudited group earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported revenue of SGD 409,484,000 against SGD 16,028,000 a year ago. The significant increase in the revenue was primarily due to contribution from Taiga Building Products Ltd. and its subsidiary corporations, following the completion of the acquisition on 31 January 2017. Profit before income tax was SGD 11,430,000 against SGD 3,097,000 a year ago. Profit attributable to equity holders of the company was SGD 6,388,000 or 0.74 cents diluted per share against SGD 2,937,000 or 0.32 cents diluted per share a year ago. The increase was mainly due to Taiga's net profit of SGD 5.7 million which was consolidated into the Group's results in the current quarter. Operating and maintenance income was SGD 1,318,000 against SGD 1,797,000 a year ago. The decrease in operating and maintenance income was mainly due to lower variation income despite meeting obligations to Electric Power Generation Enterprise in terms of minimum contracted production and gas efficiency in the current quarter. Net cash used in operating activities was SGD 6,276,000 against net cash provided by operating activities SGD 4,665,000 a year ago. This was mainly due to higher working capital requirements and in particular, due to increased account receivables attributable to Taiga. The increase in account receivables were due to increase in sales. Purchase of property, plant and equipment was SGD 481,000 against SGD 187,000 a year ago. For the six months, the company reported revenue of SGD 642,582,000 against SGD 32,212,000 a year ago. Profit before income tax was SGD15,309,000 against SGD 4,017,000 a year ago. Profit attributable to equity holders of the company was SGD 9,159,000 or 1.07 cents diluted per share against SGD 3,725,000 or 0.44 cents diluted per share a year ago. Operating and maintenance income was SGD 3,467,000 against SGD 3,337,000 a year ago. Net cash used in operating activities was SGD 38,397,000 against net cash provided by operating activities SGD 11,901,000 a year ago. Purchase of property, plant and equipment was SGD 1,690,000 against SGD 643,000 a year ago.