Beng Kuang Marine Limited reported unaudited group earnings results for the fourth quarter and full year ended December 31, 2017. For the fourth quarter, the company reported revenue of SGD 11,971,000 compared to SGD 20,091,000 a year ago. Loss before income tax was SGD 5,086,000 compared to profit before income tax of SGD 221,000 a year ago. Net loss was SGD 5,148,000 compared to net profit of SGD 1,089,000 a year ago. Loss attributable to equity holders of the company was SGD 4,351,000 compared to SGD 266,000 a year ago.

For the full year, the company reported revenue of SGD 54,745,000 compared to SGD 76,634,000 a year ago. Loss before income tax was SGD 11,248,000 compared to profit before income tax of SGD 646,000 a year ago. Net loss was SGD 11,517,000 compared to net profit of SGD 1,195,000 a year ago. Loss attributable to equity holders of the company was SGD 10,977,000 compared to profit attributable to equity holders of the company of SGD 140,000 a year ago. Net cash flows generated from operating activities was SGD 7,025,000 compared to SGD 10,327,000 a year ago. Addition to property, plant and equipment was SGD 2,271,000 compared to SGD 8,620,000 a year ago. Diluted loss per share was 8.13 cents against earnings per share of 0.10 cents a year ago. Net asset value per ordinary share as of December 31, 2017 was 47.71 cents.

The company reported property, plant and equipment written off of SGD 1,000 for the fourth quarter ended December 31, 2017 against SGD 1,000 a year ago.