SIG Gases Berhad announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the year, the company reported revenue of MYR 18,155,000 against MYR 19,049,000 a year ago. Profit before tax was MYR 1,861,000 against MYR 4,058,000 a year ago. Profit after tax and total comprehensive income for the period was MYR 1,348,000 against MYR 3,114,000 a year ago. Basic and diluted earnings per share were 0.72 sen against 1.66 sen a year ago. Net assets per share attributable to ordinary equity holders of the company were MYR 0.66. Net cash generated from operating activities was MYR 3,032,000 against MYR 5,967,000 a year ago. Purchase of property, plant and equipment was MYR 624,000 against MYR 1,165,000 a year ago. The shortfall in revenue was largely attributed to lower sale of acetylene gas and liquid nitrogen due to lower project jobs in the current quarter.

For the quarter, the company reported write off of property, plant and equipment was MYR 36,000 against MYR 19,000 a year ago.