New Toyo International Holdings Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenue of SGD 67,401,000 against SGD 64,931,000 a year ago. Operating loss was SGD 1,071,000 against profit of SGD 1,936,000 a year ago. Loss before tax was SGD 1,129,000 against profit of SGD 2,313,000 a year ago. Profit for the period was SGD 185,000 against SGD 1,429,000 a year ago. Profit attributable to owners of the company was SGD 1,202,000 against SGD 960,000 a year ago. Cash flows from operating activities were SGD 2,174,000 against SGD 340,000 a year ago. Acquisition of property, plant and equipment were SGD 10,733,000 against SGD 5,310,000 a year ago. Additions to investment property were SGD 48,000. Fully diluted earnings per share were 0.27 cents against 0.22 cents a year ago.

For the nine months, the company reported revenue of SGD 204,781,000 against SGD 181,291,000 a year ago. Operating loss was SGD 1,770,000 against profit of SGD 9,867,000 a year ago. Loss before tax was SGD 1,762,000 against profit of SGD 10,959,000 a year ago. Loss for the period was SGD 2,382,000 against profit of SGD 8,329,000 a year ago. Profit attributable to owners of the company was SGD 341,000 against SGD 6,006,000 a year ago. Cash flows from operating activities were SGD 8,861,000 against SGD 9,178,000 a year ago. Acquisition of property, plant and equipment were SGD 28,880,000 against SGD 9,345,000 a year ago. Additions to investment property were SGD 90,000. Fully diluted earnings per share were 0.08 cents against 1.37 cents a year ago. The group's turnover increased mainly due to revenue contribution from a subsidiary acquired in December 2016 in Printed Cartons and Labels division and higher demands in Specialty Papers.

For the quarter, the company reported impairment loss on property, plant and equipment of SGD 151,000 against SGD 5,000 a year ago.