Shougang Concord Century Holdings Limited reported audited consolidated earnings results for the year ended December 31, 2017. For the year, the company reported revenue of HKD 2,113,258,000 against HKD 1,703,255,000 a year ago. Loss before tax was HKD 75,213,000 against profit before tax of HKD 5,937,000 a year ago. Loss for the year was HKD 68,518,000 or 3.56 cents per basic and diluted share against profit for the year of HKD 10,103,000 or 0.53 cents for basic and diluted share a year ago. EBITDA was HKD 104,096,000 against HKD 175,264,000 a year ago. Net operating cash inflow for the year was HKD 110,247,000. Net asset value per share was HKD 0.724 against HKD 0.687 a year ago. Net interest bearing borrowings were HKD 778,671,000 against HKD 825,408,000 a year ago.

The capital expenditures to be incurred in 2018 are estimated to be approximately HKD 21,762,000, which are to be incurred by Steel cord segment mainly for enhancement of production efficiency of the two manufacturing plants.