The Straits Trading Company Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported total revenue of SGD 123,903,000 against SGD 133,474,000 a year ago, the decrease is due to lower sales volume of refined tin. Despite higher average tin prices in U.S. Dollars terms, the increase in tin prices has been offset by the stronger Malaysian Ringgit against the USD for the resources operations in Malaysia. Profit before tax was SGD 13,132,000 against SGD 27,713,000 a year ago. Profit after tax was SGD 11,023,000 against SGD 24,948,000 a year ago. Profit attributable to owners of the company was SGD 9,692,000 against SGD 20,876,000 a year ago. Net cash flows used in operating activities were SGD 50,302,000 against net cash flows from operating activities of SGD 4,831,000 a year ago. Cost incurred on property, plant and equipment was SGD 788,000 against SGD 579,000 a year ago. Net asset value per share as at March 31, 2018 was SGD 3.52. Basic and diluted earnings per share for the period based on group profit attributable to owners of the company were 2.4 cents against 5.1 cents a year ago.