Memtech International Ltd. announced unaudited group earnings results for the first quarter ended March 31, 2018. For the quarter, the company's revenue was USD 41,613,000 compared with USD 36,438,000 a year ago. Profit before tax was USD 1,566,000 compared with USD 1,941,000 a year ago. Profit for the period was USD 1,338,000 compared with USD 1,611,000 a year ago. Profit for the period attributable to owners of the company was USD 1,337,000 compared with USD 1,597,000 a year ago. Net cash flows generated from operating activities was USD 919,000 compared with USD 5,032,000 a year ago. The decline was due to more payments to trade and other payables in first quarter of 2018. Purchases of property, plant and equipment was USD 3,790,000 compared with USD 1,862,000 a year ago. Diluted earnings per share were 0.9 cents compared to 1.1 cents a year ago. Net asset value per ordinary share based on issued share capital at the end of the period reported was 93.2 cents as at March 31, 2018 compared to 90.1 cents as at December 31, 2017 a year ago.