HHiap Seng Engineering Ltd. reported unaudited consolidated earnings results for the first quarter ended June 30, 2015. For the year, the company reported revenue of SGD 33,011,000 compared to SGD 75,971,000 a year ago. Profit from operations was SGD 1,920,000 compared to SGD 1,148,000 a year ago.

Profit before tax was SGD 1,890,000 compared to SGD 1,262,000 a year ago. Profit attributable to owners of the company was SGD 1,911,000 compared to SGD 1,052,000 a year ago. Net cash provided by operating activities was SGD 8,871,000 compared to SGD 1,266,000 a year ago.

Purchases of property, plant and equipment was SGD 545,000 compared to SGD 980,000 a year ago. Diluted EPS were 0.63 cents compared to 0.35 cents a year ago. The decrease in revenue is mainly due to lower recognition of project revenue in the first quarter of fiscal 2016, as major projects were completed in fiscal 2015.