Hiap Seng Engineering Ltd. announced consolidated unaudited earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported turnover of SGD 48,390,000 compared with SGD 66,535,000 for the same period a year ago. Loss from operations was SGD 5,806,000 compared with profit from operations of SGD 1,265,000 for the same period a year ago. Loss before tax was SGD 6,003,000 compared with profit before tax of SGD 1,371,000 for the same period a year ago. Loss attributable to owner of the parent was SGD 6,098,000 compared with profit attributable to owner of the parent of SGD 1,131,000 for the same period a year ago. Net cash outflow from operating activities was SGD 6,250,000 compared with SGD 14,587,000 for the same period a year ago. Purchases of property, plant and equipment was SGD 451,000 compared with SGD 2,752,000 for the same period a year ago.

For the full year, the company reported turnover of SGD 205,013,000 compared with SGD 190,100,000 for the same period a year ago. Loss from operations was SGD 7,904,000 compared with SGD 4,220,000 for the same period a year ago. Loss before tax was SGD 8,010,000 compared with SGD 4,319,000 for the same period a year ago. Loss attributable to owner of the parent was SGD 8,879,000 compared with SGD 4,712,000 for the same period a year ago. Net cash inflow from operating activities was SGD 24,627,000 compared with net cash outflow from operating activities of SGD 31,702,000 for the same period a year ago. Purchases of property, plant and equipment was SGD 1,977,000 compared with SGD 4,389,000 for the same period a year ago.