Dutech Holdings Limited reported unaudited group earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of RMB 424,382,000 against RMB 354,367,000 for the same period of last year. Profit from operations was RMB 23,499,000 against RMB 10,526,000 for the same period of last year. Profit before tax was RMB 16,534,000 against RMB 13,546,000 for the same period of last year. Net profit after tax was RMB 14,783,000 or 4.15 cents per basic and diluted share against RMB 15,312,000 or 4.29 cents per basic and diluted share for the same period of last year. Net cash used in operating activities were RMB 12,854,000 against RMB 8,950,000 for the same period of last year. Purchase of property, plant and equipment was RMB 11,180,000 against RMB 16,008,000 for the same period of last year. Addition of intangible assets was RMB 3,975,000 against RMB 2,836,000 a year ago. Net cash used in operating activities was RMB 12.9 million mainly due to decrease in trade payables, other payables and accruals and increase in inventories and other receivables, deposits and prepayments, partially offset by the operating profit before working capital changes and decrease in trade receivables.

The management expects trading conditions to remain challenging. Rising raw materials prices, ATM sale market shrinking and overhead cost will serve to affect group performance. On the other side, the company's gaming machine sales are strong in 2018. As a whole, management expects the Group to remain profitable in 2018. The Group will continue its efforts in expanding new products lines. Meanwhile the company will also continue to focus on innovation and the development of new generation of Ticketing and Vending Machines.