Healthway Medical Corporation Limited Announces Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Reports Impairment of Goodwill for Fourth Quarter Ended December 31, 2016
For the full year, the company reported revenue was SGD 96,751,000 against revenue of SGD 94,273,000 a year ago. Loss before income tax was SGD 40,340,000 against profit before income tax of SGD 2,696,000 a year ago. Loss for the period attributable to shareholders was SGD 40,155,000 against profit for the period attributable to shareholders of SGD 1,683,000 a year ago. Net cash generated from operating activities was SGD 3,960,000 against net cash generated from operating activities of SGD 10,815,000 a year ago. Addition to property, plant and equipment was SGD 328,000 against addition to property, plant and equipment of SGD 658,000 a year ago. Addition to intangible assets was SGD 1,000. Basic and diluted loss per ordinary share was 1.71 cents against basic and diluted earnings per ordinary share of 0.07 cents a year ago. Net asset value per ordinary share was 6.34 cents compared to 8.31 cents a year ago. LBITDA was SGD 37,398,000 compared to EBITDA of SGD 3,603,000 a year ago.
For the fourth quarter Ended December 31, 2016, the company reported Impairment of goodwill SGD 3,000.