ACMA Ltd. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company announced total revenue of SGD 21,662,000 compared to SGD 21,397,000 for the same period a year ago. The increase was attributed mainly by SGD 1.9 million and SGD 0.3 million increased revenue contributions from the group's equipment distribution business and the group's tooling and injection molding business respectively, set-off by a SGD 0.2 million reduction in revenue of metal packaging and printing services business. Loss from operations was SGD 93,000 compared to profit from operations of SGD 2,009,000 for the same period a year ago. Loss before income tax was SGD 95,000 compared to profit before income tax of SGD 2,110,000 for the same period a year ago. Loss for the period was SGD 160,000 compared to profit of SGD 2,080,000 for the same period a year ago. Loss attributable to owners of the parent company was SGD 124,000 or 0.3 cents per diluted share compared to profit attributable to owners of the parent company of SGD 2,020,000 or 4.8 cents per diluted share for the same period a year ago. The earnings disparity was due principally to the significantly higher other revenue recorded in third quarter of fiscal year 2016. Net cash used in operating activities was SGD 1,814,000 compared to SGD 1,929,000 for the same period a year ago. The lower net cash used was due mainly to the better working capital management. Purchase of property, plant and equipment was SGD 2,622,000 against SGD 203,000 for the same period a year ago.

For the nine months, the company announced total revenue of SGD 58,193,000 compared to SGD 45,257,000 for the same period a year ago. Loss from operations was SGD 1,910,000 compared to SGD 1,307,000 for the same period a year ago. Loss before income tax was SGD 1,917,000 compared to SGD 1,319,000 for the same period a year ago. Loss for the period was SGD 2,107,000 compared to SGD 1,577,000 for the same period a year ago. Loss attributable to owners of the parent company was SGD 1,758,000 or 4.1 cents per diluted share compared to SGD 1,485,000 or 3.5 cents per diluted share for the same period a year ago. Net cash used in operating activities was SGD 1,559,000 compared to SGD 715,000 for the same period a year ago. Purchase of property, plant and equipment was SGD 3,201,000 compared to SGD 357,000 for the same period a year ago.

Barring unforeseen circumstances, the company expects to be operational profitable in fourth quarter 2017.