Mentiga Corporation Berhad announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported revenue of MYR 3,491,000 against MYR 5,758,000 for the same period a year ago. Profit before tax was MYR 1,047,000 against loss before tax of MYR 3,098,000 for the same period a year ago. Profit attributable to owners of the parent was MYR 697,000 or 3.05 sen diluted per share against loss attributable to owners of the parent of MYR 4,661,000 or 5.80 sen diluted per share for the same period a year ago. For the year, the company reported revenue of MYR 18,385,000 against MYR 10,659,000 for the same period a year ago. Profit before tax was MYR 5,612,000 against loss before tax of MYR 5,847,000 for the same period a year ago. Profit attributable to owners of the parent was MYR 4,459,000 or 8.47 sen diluted per share against loss attributable to owners of the parent of MYR 7,398,000 or 8.76 sen diluted per share for the same period a year ago. Net cash flow from operating activities was MYR 321,000 against MYR 6,168,000 for the same period a year ago. Purchase of property, plant and equipment was MYR 4,831,000 against MYR 6,209,000 for the same period a year ago. The group's revenue was higher compared to the corresponding period last year. The increase in revenue for the financial period was due to increase in sales of exclusive logging works and fellable timber, sale of fresh fruit bunches and sales of iron ore. The group's result was mainly contributed by oil palm and iron ore segment. Net assets per share attributable to ordinary equity holders of the parent were MYR 0.92 against MYR 0.79 for the same period a year ago. Moving forward to 2012, the company expects continuous contribution from the plantation sector to the overall performance of the company. The annual timber concession quota granted by the State Government will improve the company's earnings for the year 2012. The company also expects revenue from mining activities in iron ore to contribute positively the group's earnings. Barring any unforeseen circumstances, the board of directors is of the view that the group will record favorable performance for the financial year ending December 31, 2012.