PNE Industries Ltd. reported audited consolidated earnings results for the year ended September 30, 2016. For the year, the company’s revenue from continuing operations was SGD 73,040,000 against SGD 74,047,000 a year ago. Profit before tax was SGD 17,712,000 against SGD 11,264,000 a year ago. Profit for the year from continuing operations was SGD 15,539,000 against SGD 9,551,000 a year ago. Profit for the year was SGD 16,173,000 or 19.3 cents per basic and diluted share against SGD 7,216,000 or 8.6 cents per basic and diluted share a year ago. Net cash from operating activities was SGD 12,677,000 against SGD 16,339,000 a year ago. Purchase of property, plant and equipment was SGD 931,000 against SGD 1,123,000 a year ago. Earnings per diluted share from continuing operations were 18.5 cents against 11.4 cents a year ago. Net asset value per ordinary share was 96.3 cents against 84.7 cents a year ago. Revenue declined by SGD 1.0 million or 1.4% in the fiscal year 2016 compared to the previous financial year due mainly to lower orders from the customers of the Group's Contract Manufacturing segment.