Chinese Global Investors Group Ltd. reported unaudited consolidated earnings results for the first quarter ended September 30, 2015. For the quarter, the company reported revenue of SGD 2,994,389 compared to SGD 3,438,876 a year ago. Loss before income tax was SGD 1,771,294 compared to SGD 862,675 a year ago.

Loss attributable to owners of the company was SGD 1,799,638 or 0.20 cents per diluted share compared to SGD 886,018 or 0.10 cents per diluted share a year ago. Net cash used in operating activities was SGD 278,898 compared to SGD 43,504 a year ago. Purchases of property, plant and equipment were SGD 1,876 compared to SGD 30,452 a year ago.

The decline in revenue performance mainly stemmed from a decline in the remaining ongoing projects in Malaysia and China. The loss was a combination of lower gross profit from the group's waterproofing division and a higher fair value loss on held-for-trading investments.