Bonvests Holdings Limited announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of SGD 58,916,000 against SGD 55,562,000 a year ago. Profit before tax was SGD 11,347,000 against SGD 7,885,000 a year ago. Profit attributable to equity holders of the company was SGD 9,229,000 or 2.297 cents basic and diluted per share against SGD 5,941,000 or 1.478 cents basic and diluted per share a year ago. Net cash provided by operating activities was SGD 10,467,000 against SGD 3,677,000 a year ago. Acquisition of property, plant and equipment was SGD 11,862,000 against SGD 5,140,000 a year ago. Profit from operations was SGD 12,701,000 against SGD 9,174,000 a year ago. Net asset value per ordinary share was SGD 2.21. The revenue of the Group for the quarter increased by 6.0% was due mainly to higher revenue from the Hotel Division. Profit before taxation increased by 43.9% was mainly due to higher contributions from the Hotel Division partially offset by lower profit before tax for the Industrial and Property - Rental Divisions. Net cash generated from operating activities was due mainly to positive cash flow generated from business operations.