Eden Inc. Berhad reported unaudited condensed consolidated financial results for the fourth quarter and year ended December 31, 2016. For the quarter, revenue was MYR 14.7 million against MYR 15.6 million a year ago. Operating loss was MYR 16.42 million against MYR 15.04 million a year ago. Loss before taxation was MYR 18.24 million against MYR 17.33 million a year ago. Loss net of tax was MYR 21.6 million against MYR 30.5 million a year ago. Loss attributable to owners of the parent was MYR 20.96 million against MYR 30.3 million a year ago. Loss per share attributable to equity holders of the share was 6.73 sen against 9.73 sen a year ago. The variance in loss before tax is primarily due to the lower other income recognised on the fair value of investment properties.

For the year, the company reported revenue of MYR 51.432 million against MYR 52.52 million a year ago. Operating loss was MYR 12.506 million against MYR 20.012 million a year ago. Loss before taxation was MYR 20.3 million against MYR 29.023 million a year ago. Loss net of tax was MYR 24.15 million against MYR 43.58 million a year ago. Loss attributable to owners of the parent was MYR 24.29 million against MYR 42.995 million a year ago. Loss per share attributable to equity holders of the share was 7.80 sen against 13.81 sen a year ago. Net cash generated from operating activities was MYR 6.9 million against net cash generated used in operating activities of MYR 10.95 million a year ago. Purchase of property plant and equipment was MYR 0.4 million against MYR 1.14 million a year ago. Net assets per share were MYR 0.68 against MYR 0.76 a year ago.

For the three months, the company reported impairment loss on property, plant and equipment of MYR 11,590,000.