Nippecraft Limited reported group earnings results for the first quarter ended March 31, 2018. For the quarter, the company recorded total revenue of USD 38,172,000 as compared to USD 22,595,000 for the corresponding period in 2017. The increase in revenue was due to increase in sales orders from third party customers. Stationery revenue registered a slight decline for the corresponding period. The Group incurred a net loss before tax of USD 94,000 in first quarter of 2018 as compared to a net loss before tax of USD 14,000 in first quarter of 2017. Excluding the redundancy payment (exceptional item) of USD 193,000, the Group made an adjusted net profit before tax of USD 99,000 for first quarter of 2018. Adjusted EBITDA was USD 372,000 compared to USD 253,000 a year ago.