Chinese Global Investors Group Ltd. reported unaudited consolidated earnings results for the first quarter ended September 30, 2016. For the quarter, the company reported revenue of SGD 3,017,732 compared to SGD 2,994,389 a year ago. Group revenue was 0.8% or SGD 0.02 million higher than first quarter 2016 mainly due to better revenue performance in Malaysia and Singapore and the inclusion of revenue from loan financing business in Hong Kong. Loss before income tax was SGD 682,551 compared to SGD 1,771,294 a year ago. Loss attributable to owners of the company was SGD 696,532 or 0.08 cents per diluted share compared to SGD 1,799,638 or 0.20 cents per diluted share a year ago. Net cash used in operating activities was SGD 484,325 compared to SGD 278,898 a year ago. This was mainly due to working capital changes in trade and other receivables, gross amount due to contract customers, inventories and income tax paid, offset by a net fair value loss on investment. Purchases of property, plant and equipment were SGD 12,529 compared to SGD 1,876 a year ago. Purchase of intangible assets was SGD 13,750.