Bonvests Holdings Limited announced unaudited group earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported revenue of SGD 55,562,000 compared to SGD 59,048,000 a year ago, this was due mainly to lower revenue from the Property - Rental, Industrial and Hotel Divisions. Profit from operations was SGD 9,174,000 against SGD 11,780,000 a year ago. Profit before taxation was SGD 7,885,000 compared to SGD 10,209,000 a year ago, this was due mainly to the lower contributions from the Property - Rental, Hotel and Industrial Divisions. Profit attributable to owners of the parent was SGD 5,941,000 or 1.478 cents per basic and diluted share compared to SGD 7,825,000 or 1.946 cents per basic and diluted share a year ago. Net asset value per ordinary share as at March 31, 2017 was SGD 2.24. Net cash generated from operating activities was SGD 4,008,000 compared to SGD 14,505,000 a year ago. Purchase of property, plant and equipment was SGD 5,140,000 compared to SGD 6,987,000 a year ago.