Beng Kuang Marine Limited announced unaudited group and parent company earnings results for the second quarter and six months ended June 30, 2018. For the quarter, on group basis, the company reported revenue of SGD 20,620,000 as compared to SGD 15,379,000 a year ago. Loss before tax was SGD 1,654,000 as compared to profit before income tax of SGD 10,000 a year ago. Loss attributable to the equity holders of the company was SGD 1,962,000 as compared to SGD 375,000 a year ago. Net cash flows generated from operating activities was SGD 2,561,000 as compared to SGD 3,566,000 a year ago. Addition to property, plant and equipment was SGD 578,000 as compared to SGD 995,000 a year ago. On a fully diluted basis loss per ordinary share for the period base on net profit attributable to shareholders was 2.61 cents against 1.57 cents a year ago. Net asset value per ordinary share based on issued share capital as of June 30, 2018 was 45.03 cents.

For the six months, on parent company basis, the company reported revenue of SGD 35,421,000 as compared to SGD 32,520,000 a year ago. Loss before tax was SGD 2,765,000 as compared to SGD 1,250,000 a year ago. Loss attributable to the equity holders of the company was SGD 3,525,000 as compared to SGD 2,117,000 a year ago. Net asset value per ordinary share based on issued share capital as of June 30, 2018 was 39.44 cents.

For the quarter, the company reported property, plant and equipment written off was SGD 13,000.