SLB Development Ltd. reported consolidated earnings results for the first quarter ended August 31, 2018. For the quarter the company reported on basis of before adoption of SFRS revenue of SGD 220,656,000. Profit before taxation was SGD 32,635,000 compared to SGD 1,276,000 a year ago. Profit attributable to owners of the company was SGD 11,377,000 compared to SGD 1,261,000 a year ago. Earnings were 1.25 cents per basic share compared to 0.19 cents per basic share a year ago. For the quarter the company reported on after adoption of SFRS revenue of SGD 22,985,000 compared to SGD 34,619,000 a year ago. Loss before taxation was SGD 839,000 compared to profit of SGD 6,853,000 a year ago. Loss attributable to owners of the company was SGD 2,792,000 compared to profit of SGD 3,649,000 a year ago. Net cash flows from operating activities were SGD 93,764,000 compared to net cash used in operating activities was SGD 4,742,000 a year ago. Purchase of plant and equipment was SGD 70,000. Loss per ordinary share were 0.31 cents on a fully diluted basis compared to profit of 0.54 cents per on fully diluted basis.