PNE Industries Ltd. reported unaudited group earnings results for the half year ended March 31, 2015. For the six months period, the company reported revenue of SGD 37,928,000 against SGD 40,816,000 a year ago. Profit before tax was SGD 4,664,000 against SGD 3,709,000 a year ago.

Profit for the period was SGD 3,687,000 or 1.10 cents per basic and diluted share against SGD 3,034,000 or 0.90 cents per basic and diluted share a year ago. Net cash from operating activities was SGD 12,371,000 against SGD 4,686,000 a year ago. Purchase of property, plant and equipment was SGD 199,000 against SGD 181,000 a year ago.

Revenue decreased by SGD 2.9 million or 7.1% compared to the same period last year due mainly to lower revenue recorded by both the contract Manufacturing segment and Trading segment. Contract manufacturing segment revenue declined because of lower customer orders. Trading segment revenue declined due to lower sales of the Group's printing materials, offset partially by higher sales of the Group's lighting products.