New Toyo International Holdings Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported revenue of SGD 69,056,000 against SGD 73,364,000 a year ago. Operating profit was SGD 3,039,000 against loss of SGD 3,639,000 a year ago. Profit before tax was SGD 2,737,000 against loss of SGD 3,601,000 a year ago. Profit for the period was SGD 2,235,000 against loss of SGD 4,323,000 a year ago. Profit attributable to owners of the company was SGD 1,648,000 against loss of SGD 2,273,000 a year ago. Cash flows used in operating activities was SGD 2,757,000 against net cash flow from operating activities of SGD 9,416,000 a year ago. Acquisition of property, plant and equipment was SGD 6,072,000 against SGD 10,785,000 a year ago. Earnings per share based on the average number of ordinary shares and fully diluted basis was 0.38 cents against loss per share of 0.52 cents a year ago. The group's turnover decreased by 5.9%, mainly due to lower revenue in Printed Cartons and Labels and Trading divisions, offset by higher revenue from Specialty Papers division.

For the six months, the company reported revenue of SGD 131,318,000 against SGD 137,027,000 a year ago. Operating profit was SGD 3,953,000 against loss of SGD 376,000 a year ago. Profit before tax was SGD 3,400,000 against loss of SGD 310,000 a year ago. Profit for the period was SGD 2,439,000 against loss of SGD 2,053,000 a year ago. Profit attributable to owners of the company was SGD 2,287,000 against loss of SGD 319,000 a year ago. Cash flows used in operating activities was SGD 8,178,000 against cash flow from operating activities of SGD 4,547,000 a year ago. Acquisition of property, plant and equipment was SGD 10,857,000 against SGD 18,147,000 a year ago. Earnings per share based on the average number of ordinary shares and fully diluted basis was 0.52 cents against loss per share of 0.07 cents a year ago. The group's turnover decreased by 4.2%, this was mainly attributable to the reduction of non-tobacco revenue as a result of closure of the Australian operation offset by new volume in Indonesian and Latin America markets in SP division.

For the second quarter ended June 30, 2018, the company reported property, plant and equipment written-off of SGD 3,000 against SGD 14,000 a year ago.