Ossia International Limited reported unaudited group earnings results for the second quarter and half year ended September 30, 2018. For the quarter, the company's revenue was $4,883,000 compared to $5,451,000 a year ago. Loss from operations was $633,000 compared to $605,000 a year ago. Profit before income tax was $573,000 compared to loss of $52,000 a year ago. Profit attributable to owners of the company was $567,000 compared to loss of $29,000 a year ago. Profit per share attributable to owners of the company- fully diluted was 0.22 cents compared to loss per share attributable to owners of the company- fully diluted of 0.01 cents a year ago. Net cash used in operating activities was $3,647,000 compared to $1,299,000 a year ago. Purchase of property, plant and equipment was $59,000 compared to $56,000 a year ago.

For the six months, the company's revenue was $10,399,000 compared to $11,252,000 a year ago. The decline in sales is mainly due to closure of non-performing outlets and discontinued brands. Loss from operations was $840,000 compared to $1,005,000 a year ago. Profit before income tax was $1,244,000 compared to loss of $1,149,000 a year ago. Profit attributable to owners of the company was $1,267,000 compared to loss of $1,123,000 a year ago. Net cash used in operating activities was $731,000 compared to $301,000 a year ago. Net cash used in operating activities increased, mainly due to increase in new season stocks purchased in Taiwan. Purchase of property, plant and equipment was $749,000 compared to $543,000 a year ago.

For the quarter, the company reported write-off of property, plant and equipment of $20,000 against $69,000 a year ago.