Kolao Holdings announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported sales of $70,137,971 as compared to $83,105,427 for the same period last year. Operating profit was $8,722,617 as compared to $17,928,565 for the same period last year. Profit before income tax expense was $3,835,436 as compared to $13,552,800 for the same period last year. Profit attributable to owners of the company was $3,913,920 as compared to $13,094,014 for the same period last year. Basic and diluted earnings per share were $0.08 as compared to $0.28 for the same period last year. For the six months, the company reported sales of $147,365,956 as compared to $171,217,063 for the same period last year. Operating profit was $23,693,418 as compared to $28,120,624 for the same period last year. Profit before income tax expense was $13,673,273 as compared to $20,323,201 for the same period last year. Profit attributable to owners of the company was $13,980,151 as compared to $20,016,649 for the same period last year. Basic and diluted earnings per share were $0.30 as compared to $0.42 for the same period last year. Net cash generated from operating activities was $4,482,758 as compared to net cash used in operating activities of $16,385,097 for the same period last year. Acquisition of property, plant and equipment was $1,528,276 as compared to $7,815,813 for the same period last year. Acquisition of intangible assets was $793,858 as compared to $4,413,845 for the same period last year.