Koufu Group Limited announced unaudited earnings results for the second quarter and half year ended June 30, 2018. For the quarter, the group reported revenue was SGD 54,147,000 compared to SGD 53,501,000 a year ago. Results from operating activities was SGD 7,169,000 compared to SGD 7,157,000 a year ago. Net finance costs was SGD 5000 compared to net finance income was SGD 218,000 a year ago. Profit before tax was SGD 7,213,000 compared to SGD 7,470,000 a year ago. Profit for the period was SGD 6,118,000 compared to SGD 6,319,000 a year ago. Profit for the period attributable to owners of the company was SGD 6,155,000 compared to SGD 6,319,000 a year ago. Net cash generated from operating activities was SGD 4,502,000 compared to SGD 6,174,000 a year ago. Purchase of investment property was SGD 1,089,000 compared to SGD 695,000 a year ago. Purchase of property, plant and equipment was SGD 3,196,000 compared to SGD 2,026,000 a year ago. Fully diluted earnings per share was 1.27 cents compared to 1.31 cents a year ago.

For the half year, the group reported revenue was SGD 109,227,000 compared to SGD 106,936,000 a year ago. Results from operating activities was SGD 14,543,000 compared to SGD 14,311,000 a year ago. Net finance costs was SGD 31000 compared to net finance income was SGD 482,000 a year ago. Profit before tax was SGD 14,657,000 compared to SGD 14,988,000 a year ago. Profit for the period was SGD 12,291,000 compared to SGD 12,532,000 a year ago. Profit for the period attributable to owners of the company was SGD 12,355,000 compared to SGD 12,532,000 a year ago. Net cash generated from operating activities was SGD 14,485,000 compared to SGD 18,343,000 a year ago. Purchase of property, plant and equipment was SGD 11,531,000 compared to SGD 4,184,000 a year ago. Purchase of investment property was SGD 1,300,000. Fully diluted earnings per share was 2.56 cents compared to 2.59 cents a year ago.

For the second quarter, the group reported write off of property, plant and equipment was was SGD 21,000 compared to SGD 19,000 a year ago.

For the fiscal year 2018, the group expects to continue to grow its business and remain profitable.