Kolao Holdings reported consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported sales of $88,111,636 compared to $108,120,301 a year ago. Operating profit was $10,192,059 compared to $11,132,418 a year ago. Profit before income tax expense was $6,770,401 compared to $18,375,665 a year ago. Profit attributable to owners of the parent was $6,922,635 compared to $18,531,665 a year ago. Cash flows used in operating activities were $18,877,431 compared to $2,755,466 a year ago. Acquisition of property, plant and equipment was $7,055,335 compared to $3,043,774 a year ago.