IPS Securex Holdings Limited reported unaudited group earnings results for the fourth quarter and full year ended June 30, 2018. For the quarter, the company reported revenue of SGD 3,667,078 against SGD 2,076,272 a year ago. Loss before tax was SGD 1,334,254 against loss before tax of SGD 3,315,238 a year ago. Loss was SGD 1,372,283 or 0.28 cents per basic and diluted share after adjusting for the Share Split against SGD 2,792,602 or 0.57 cents per basic and diluted share after adjusting for the Share Split a year ago. Net cash from operating activities was SGD 398,719 against SGD 1,599,457 a year ago. Purchase of plant and equipment was SGD 69,510 against SGD 10,743 a year ago.

For the year, the company reported revenue of SGD 10,874,295 against SGD 11,574,005 a year ago. Loss before tax was SGD 1,315,265 against SGD 2,939,152 a year ago. Loss was SGD 1,290,818 or 0.27 cents per basic and diluted share after adjusting for the Share Split against SGD 2,499,619 or 0.51 cents per basic and diluted share after adjusting for the Share Split a year ago. Net cash from operating activities was SGD 295,009 against SGD 3,210,090 a year ago. Purchase of plant and equipment was SGD 127,262 against SGD 495,449 a year ago. Net asset value per ordinary share based on the number of shares in issue at end of year as at June 30, 2018 was 1.6 cents against as at June 30, 2017 was 1.9 cents a year ago period.

For the quarter, the company reported plant and equipment written off of SGD 1,808 against SGD 102 a year ago.