Isetan (Singapore) Limited reported unaudited consolidated earnings results for the third quarter ended September 30, 2016. For the quarter, the company reported revenue of SGD 69.109 million against SGD 68.713 million a year ago. Profit before income tax was SGD 5.382 million against loss before income tax of SGD 6.481 million a year ago. Net profit for the period attributable to equity holders of the company was SGD 5.346 million or 12.96 cents per diluted share against loss of SGD 6.149 million or 14.91 cents per diluted share a year ago. Net cash used in operating activities was SGD 2.617 million against SGD 3.642 million a year ago. Payment for property, plant and equipment and investment property was SGD 1.723 million against SGD 1.699 million a year ago. Group revenue for the period ended September 30, 2016 an increase of 0.58% over the corresponding period third quarter of 2015. Against a backdrop of a slowing economy and weakening consumer sentiments, retail sales decreased 3.12% in third quarter of 2016 versus third quarter of 2015. However, this was mitigated by higher rental revenue from the Isetan Orchard investment property. The net profit was achieved on the back of a SGD 7.319 million gain on the disposal of an investment property owned by the subsidiary in September 2016 which is included in other income. Without this gain, losses would have been incurred by the Group but were lesser in third quarter of 2016 as compared to third quarter of 2015. The reduction in losses was attributed to the increase in rental revenue from the Isetan Orchard investment property as well as reductions in expenses.