Old Chang Kee Ltd. announced unaudited consolidated earnings results for the fourth quarter and full year ended March 31, 2018. For the quarter, the company reported revenue was SGD 21,255,000 against SGD 19,234,000 a year ago. Profit before tax and share of results of joint venture was SGD 1,747,000 against loss before tax and share of results of joint venture of SGD 2,366,000 a year ago. Profit before tax was SGD 1,743,000 against loss of SGD 2,366,000 a year ago. Profit for the period was SGD 1,377,000 against loss for the period of SGD 2,104,000 a year ago. Net cash flows from operating activities were SGD 3,677,000 against SGD 1,192,000 a year ago. Purchase of property, plant and equipment was SGD 1,792,000 against SGD 1,586,000 a year ago. Basic and diluted earnings per share were 1.13 cents against basic and diluted loss per share of 1.73 cents a year ago.

For the full year, the company reported revenue was SGD 85,487,000 against SGD 78,345,000 a year ago. Profit before tax and share of results of joint venture was SGD 5,063,000 against SGD 2,430,000 a year ago. Profit before tax was SGD 4,987,000 against SGD 2,430,000 a year ago. Profit for the period was SGD 4,035,000 against SGD 1,745,000 a year ago. Net cash flows from operating activities were SGD 9,649,000 against SGD 9,574,000 a year ago. Purchase of property, plant and equipment was SGD 8,524,000 against SGD 8,272,000 a year ago. Basic and diluted earnings per share were 3.32 cents against 1.44 cents a year ago. Net asset value per ordinary share based on total number of issued shares as at the end of the financial period reported on was SGD 0.23 compared to SGD 0.23 a year ago.

The company announced property, plant and equipment written off for the fourth quarter ended March 31, 2018. For the quarter, the company reported property, plant and equipment written off of SGD 4,000 against SGD 4,000 a year ago.