M Development Ltd. announced audited consolidated earnings results for the year ended December 31, 2017. For the year, the company reported revenue of SGD 388,000 against SGD 527,000 a year ago. Loss before tax was SGD 1,964,000 against SGD 1,062,000 a year ago. Loss for the year was SGD 1,957,000 against SGD 1,045,000 a year ago. Loss for the year attributable to owners of the company was SGD 1,955,000 against SGD 1,059,000 a year ago. Basic and diluted loss per share attributable to owners of the company was 0.10 cents against 0.06 cents a year ago. Net cash flows used in operating activities was SGD 2,941,000 against SGD 990,000 a year ago. The revenue was mainly derived from the trading activities as compared to the financial year ended 31 December 2016 where revenue was derived from interest income. The increase in net loss was mainly due to higher professional fees.