Global Oriental Berhad announced unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2015. For the nine months, the company reported revenue of MYR 281.701 million, profit before tax of MYR 75.56 million, profit of MYR 45.05 million compared to revenue of MYR 311.171 million, profit before tax of MYR 40.09 million, profit of MYR 22.116 million a year ago. Basic earnings per share were 9.82 sen against 8.82 sen a year ago. Profit from operations was MYR 79.33 million compared to MYR 44.87 million a year ago. Profit attributable to equity holders of the company was MYR 44.66 million compared to MYR 20.41 million a year ago. Net cash used in operating activities was MYR 1.196 million compared to MYR 68.03 million a year ago. Purchase of property, plant and equipment was MYR 18.15 million compared to MYR 2.35 million a year ago.

For the quarter, the group registered a revenue of MYR 21.7 million as compared to MYR 97.3 million recorded in the preceding year corresponding quarter. Lower revenue was mainly attributable to lower revenue recognition from da:men mixed development project in USJ, Subang Jaya which is near completion and completion of Equator project in Seri Kembangan in the preceding year corresponding quarter. The group recorded loss before tax of MYR 20.9 million for the current year quarter under review as compared to pre-tax profit of MYR 13.5 million in the preceding year corresponding quarter. The decrease was mainly due to lower profit contribution from da:men and development projects in Seri Kembangan and losses occurred in the food & beverage division. Basic loss per share was 4.66 sen against earnings of 2.34 sen a year ago. Loss from operations was MYR 18.89 million compared to profit of MYR 15.34 million a year ago. Loss attributable to equity holders of the company was MYR 21.18 million compared to profit of MYR 5.41 million a year ago.