Value Convergence Holdings Ltd. reported consolidated earnings results for the year ended December 31, 2011. For the year, the Group's consolidated revenue amounted to approximately HKD 92.9 million, which had decreased by about 20% as compared with the same period in 2010. The Group recorded a consolidated loss attributable to shareholders amounting to approximately HKD 26.7 million or 6.67 cents per diluted share against a consolidated loss of approximately HKD 88 million or 22.47 cents per diluted share for the same period in 2010. Loss before taxation was HKD 26.7 million against HKD 85.27 million a year ago. The Group expects 2012 to be still challenging to the financial sector.