Eden Inc. Berhad announced consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, revenue was MYR 13,461,000 against MYR 12,222,000 a year ago. Operating profit was MYR 2,525,000 against loss of MYR 4,735,000 a year ago. Profit before taxation was MYR 561,000 against loss of MYR 6,991,000 a year ago. The decrease of MYR 0.44 million was due to lower non-operating income recognized in the current quarter. This was mitigated by higher revenue from Energy Sector and Manufacturing Sector as well as lower operating expenses incurred during the quarter. Profit attributable to owners of the parent was MYR 354,000 against loss of MYR 6,862,000 a year ago. The positive variance was primarily due to the recognition of write back on amount due from associate company, reversal of provision as well as higher revenue recorded by the Group. Basic earnings per share attributable to equity holders of the company was 0.11 sen against 2.20 sen loss per share a year ago.

For the year-to-date, revenue was MYR 24,682,000 against MYR 24,848,000 a year ago. Operating profit was MYR 5,502,000 against operating loss of MYR 11,007,000 a year ago. Profit before taxation was MYR 1,563,000 against loss of MYR 15,620,000 a year ago. Profit attributable to owners of the parent was MYR 1,395,000 against loss of MYR 15,556,000 a year ago. Basic earnings per share attributable to equity holders of the company was 0.45 sen against 5.00 sen loss per share a year ago. Net cash generated from operating activities was MYR 2,751,000 against net cash used in operating activities of MYR 1,611,000 a year ago. Purchase of property, plant and equipment was MYR 260,000 against MYR 427,000 a year ago.

The Group expects to perform better for the second half of 2016.