PNE Industries Ltd. announced unaudited group earnings results for the six months ended March 31, 2018. For the six months, the company announced revenue was SGD 38,756,000 compared to SGD 39,693,000 for the same period a year ago. Profit before tax was SGD 1,869,000 compared to SGD 7,275,000 for the same period a year ago. Profit for the period was SGD 1,397,000 compared to SGD 6,226,000 for the same period a year ago. Net cash from operating activities was SGD 8,038,000 compared to SGD 7,812,000 for the same period a year ago. Purchase of property, plant and equipment was SGD 166,000 compared to SGD 641,000 for the same period a year ago. Profit per ordinary share of the group after deducting any provision for preference dividends, based on number of ordinary shares on issue and on a fully diluted basis was 1.7 cents compared to 7.4 cents for the same period a year ago. Revenue declined compared to the same period last year due to lower customer orders and the translation effect of a weaker US dollar.