Ipco International Limited announced group unaudited earnings results for the second quarter and six months ended October 31, 2017. For the quarter, the company reported revenue of SGD 11,586,000 against SGD 13,927,000 a year ago. Profit before income tax was SGD 479,000 against SGD 3,064,000 a year ago. Profit attributable to owners of the parent was SGD 173,000 against SGD 2,136,000 a year ago. Net cash from operating activities was SGD 283,000 against SGD 491,000 a year ago. Purchase of property, plant and equipment was SGD 11,000 against SGD 1,164,000 a year ago. Net addition of intangible assets was nil against SGD 2,000 a year ago. For the six months the company reported revenue of SGD 24,217,000 against SGD 23,862,000 a year ago. Loss before income tax was SGD 130,000 against profit before income tax of SGD 2,779,000 a year ago. This was mainly due to a foreign exchange loss of SGD 1.4 million in the first half of 2018 in as compared with SGD 1.1 million foreign exchange gain a year ago. The unrealized foreign exchange loss arose from the revaluation of foreign currency denominated balances. Loss attributable to owners of the parent was SGD 762,000 or 0.01 cents per diluted share against profit attributable to owners of the parent SGD 2,170,000 or 0.04 cents per diluted share a year ago. Net cash from operating activities was SGD 290,000 against SGD 952,000 a year ago. Purchase of property, plant and equipment was SGD 44,000 against SGD 2,260,000 a year ago. Net addition of intangible assets was SGD 8,000 against nil a year ago.