Kolao Holdings reported audited consolidated earnings results for the year ended December 31, 2017. For the year, the company reported sales of $294,692,321 compared to $338,068,515 a year ago. Operating profit was $33,211,556 compared to $48,629,925 a year ago. Profit before income tax expense was $12,379,043 compared to $36,128,721 a year ago. Profit attributable to owners of the parent was $13,164,209 or $0.28 basic and diluted per share compared to $37,040,112 or $0.78 basic and diluted per share a year ago. Net cash provided by operating activities was $15,656,832 compared to $3,017,897 a year ago. Acquisition of property, plant and equipment was $11,682,362 compared to $8,883,956 a year ago. Acquisition of intangible assets was $2,189,319 compared to $5,070,503 a year ago.