Hiap Seng Engineering Ltd. reported unaudited consolidated earnings results for the first quarter ended June 30, 2018. For the quarter, the company reported revenue of SGD 38,020,000 compared to SGD 36,233,000 a year ago, mainly due to higher recognition of plant construction revenue in first quarter of 2019. Loss from operations was SGD 4,648,000 compared to profit of SGD 1,620,000 a year ago. Loss before income tax was SGD 4,862,000 compared to profit was SGD 1,581,000 a year ago. Loss attributable to owners of the company was SGD 3,913,000 compared to profit of SGD 1,629,000 a year ago. Net cash used in operating activities was SGD 8,160,000 compared to SGD 1,340,000 a year ago. Purchases of property, plant and equipment was SGD 4,691,000 compared to SGD 219,000 a year ago. Basic and diluted loss per share was 1.29 cents compared to earnings per share of 0.54 cents a year ago. Net asset value per ordinary share based on issued share capital as at the end of the period reported on was 12.8 cents.