Sinwa Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of SGD 45,804,000 compared to SGD 39,787,000 a year ago. Increased in revenue was mainly attributed by higher sales from marine and offshore supply business in Australia and Thailand operations. Profit before income tax was SGD 2,642,000 compared to SGD 2,814,000 a year ago. Profit attributable to owners of the company was SGD 2,154,000 compared to SGD 2,296,000 a year ago. Net cash from operating activities was SGD 1,133,000 compared to SGD 4,915,000 a year ago. This was mainly due to lower cash generated from working capital. Purchase of property, plant and equipment was SGD 331,000 compared to SGD 670,000 a year ago. Basic and diluted earnings per share were 0.63 cents compared to 0.67 cents a year ago. The increase in revenue was mainly attributed by higher sales from marine and offshore supply business in Australia and Thailand operations.