Winland Ocean Shipping Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported sales revenue of HKD 9 million, loss from continuing operations of HKD 1.7 million or HKD 0.01 per basic and diluted share and net loss of HKD 1.7 million or HKD 0.01 per basic and diluted share compared to sales revenue of HKD 11.4 million, income from continuing operations of HKD 0.8 million and net income of HKD 0.8 million reported in the same period last year. Cash used in operating activities was HKD 2.7 million against cash provided by operating activities of HKD 1.9 million reported last year.