GA Holdings Ltd. reported audited consolidated earnings results for the year ended December 31, 2013. For the year, the company reported revenue of HKD 370,251,000 compared to HKD 394,167,000 a year ago. Profit from operating activities was HKD 93,759,000 compared to HKD 67,055,000 a year ago.

Profit before income tax was HKD 82,472,000 compared to HKD 55,807,000 a year ago. Profit attributable to owners of the company was HKD 75,243,000 or 15.80 cents basic and diluted per share compared to HKD 34,237,000 or 7.19 cents basic and diluted per share a year ago. The increase was mainly due to the increase in other income which included an overprovision of approximately HKD 2,400,000 of bank loan interest previously charged and approximately HKD 8,730,000 reversal of tax provision previously accrued; tax refunds of approximately SGD 1,380,000 (equivalent to approximately HKD 8,572,000) in cash were duly received from the Inland Revenue Authority of Singapore.

Net cash used in operating activities was HKD 43,112,000 against net cash generated from operating activities of HKD 48,729,000 a year ago. Prepayments to acquire property, plant and equipment was HKD 3,924,000. Purchase of property, plant and equipment was HKD 12,754,000 against HKD 1,663,000 a year ago.

Net debt was HKD 11,972,000 compared to HKD 71,585,000 as at December 31, 2012.