Santak Holdings Ltd. reported unaudited group earnings results for the first half ended December 31, 2011. For the period, the company reported revenue of SGD 24,164,000 compared to revenue of SGD 21,959,000 last year. Profit before taxation was SGD 3,045,000 compared to SGD 2,057,000 last year. Profit attributable to equity holders of the company was SGD 2,665,000 or 2.55 cents per diluted share compared to SGD 1,882,000 or 1.80 cents per diluted share last year. Net cash used in operating activities was SGD 327,000 compared to net cash generated from operating activities of SGD 350,000 last year. Purchase of property, plant and equipment was SGD 6,350,000 compared to SGD 4,455,000 last year. On group basis, net asset value was 29.24 cents per share as on December 31, 2011. On company basis, net asset value was 13.17 cents per share as on December 31, 2011. The increase in property, plant and equipment was mainly due to its continued investment in CNC precision automatic machines in half year of 2012 for meeting the requirements of its additional precision machining projects. The group's gross margin was lower in the half year of 2012 compared to the half year of 2011 mainly due to continued pricing pressures, higher labour and materials cost as well as higher unabsorbed cost in the preparation for new projects. Barring any unforeseen circumstances, the group is expected to be profitable for fiscal 2012.