Nikko AM Singapore STI ETF reported unaudited earnings results for the half year ended December 31, 2011. For the period, the company reported net income was SGD 2,909,316 compared to SGD 502,397 a year ago. Net losses on value of investments were SGD 25,219,176 compared to net gains on value of investments of SGD 5,832,866 a year ago. Total deficit for the financial period before income tax and before distribution was SGD 22,309,860 compared to total return for the financial period before income tax and before distribution of SGD 6,335,263 a year ago. Total deficit for the financial period was SGD 24,186,457 compared to total return for the financial period of SGD 5,865,625 a year ago.