PSL Holdings Limited announced unaudited group earnings results for the quarter and year ended December 31, 2017. For the quarter, the company reported revenue of SGD 4,361,000 against SGD 15,448,000 a year ago. Loss before income tax was SGD 2,221,000 against SGD 29,674,000 a year ago. Loss after tax was SGD 2,167,000 against SGD 26,593,000 a year ago. Loss attributable to equity holders of the company was SGD 2,342,000 against SGD 10,645,000 a year ago. Net cash used in operating activities was SGD 3,648,000 against cash generated of SGD 616,000 a year ago. Purchase of property, plant and equipment was SGD 36,000 against SGD 1,526,000 a year ago. Basic and diluted net loss per share was 5.01 cents against 26.62 cents a year ago. For the year, the company reported revenue of SGD 11,724,000 against SGD 21,087,000 a year ago. Loss before income tax was SGD 5,323,000 against SGD 30,945,000 a year ago. Loss after tax was SGD 5,277,000 against SGD 27,864,000 a year ago. Loss attributable to equity holders of the company was SGD 5,369,000 against SGD 11,969,000 a year ago. Net cash used in operating activities was SGD 3,158,000 against SGD 1,252,000 a year ago. Purchase of property, plant and equipment was SGD 906,000 against SGD 549,000 a year ago. Basic and diluted net loss per share was 11.49 cents against 29.93 cents a year ago. Net asset value per ordinary share was SGD 0.59 against SGD 0.72 a year ago. Net loss after tax was mainly due to impairment losses incurred by the Marine Logistics and Corporate segment in fiscal year 2016 and partially offset by impact of deconsolidation of PTMII in fiscal year 2017. LBITDA was SGD 4,468,000. Net cash used in operating activities was, mainly due to effect of deconsolidation of PTMII, the decrease in trade payables, other payables and accruals that was offset by an increase in inventories from acquisition of PT IPA.