Bonvests Holdings Limited reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported revenue of SGD 50,855,000 against SGD 45,073,000 a year ago. Profit from operations was SGD 9,722,000 against SGD 36,576,000 a year ago. Profit before taxation was SGD 8,341,000 against SGD 35,965,000 a year ago. Net profit for the period attributable to equity holders of the company was SGD 6,805,000 or 1.692 cents per basic and diluted share against SGD 34,828,000 or 8.660 cents per basic and diluted share a year ago. Net cash generated from operating activities was SGD 5,037,000 against SGD 4,015,000 a year ago. Purchase of property, plant and equipment was SGD 7,605,000 against SGD 5,736,000 a year ago. The revenue of the Group for the quarter ended 30 June 2016 increased by 12.8%. This was due mainly to higher revenue from the Property - Rental, Hotel and Industrial Divisions, partially offset by lower revenue from the Investment Division. Profit before taxation decreased by 76.8% compared to previous year. This was due mainly to lower revaluation gain on investment properties, lower contributions from the Hotel and Investment Divisions and higher finance cost, partially offset by higher profit from the Property - Rental and Industrial Divisions. Net cash generated from operating activities was due mainly to positive cash flow generated from business operations.

For the six months, the company reported revenue of SGD 109,903,000 against SGD 96,021,000 a year ago. Profit from operations was SGD 21,502,000 against SGD 47,141,000 a year ago. Profit before taxation was SGD 18,550,000 against SGD 45,970,000 a year ago. Net profit for the period attributable to equity holders of the company was SGD 14,630,000 or 3.638 cents per basic and diluted share against SGD 42,686,000 or 10.614 cents per basic and diluted share a year ago. Net cash generated from operating activities was SGD 19,542,000 against SGD 13,082,000 a year ago. Purchase of property, plant and equipment was SGD 14,592,000 against SGD 7,752,000 a year ago.

For the quarter, the company reported property, plant and equipment written off of SGD 151,000 against SGD 143,000 a year ago.