Asia Enterprises Holding Limited reported unaudited group earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported revenue of SGD 6,331,000 compared to SGD 7,014,000 a year ago. Profit before tax from continuing operations was SGD 778,000 compared to loss before tax from continuing operations of SGD 10,482,000 a year ago. Profit attributable to the owners of the parent, net of tax was SGD 690,000 or 0.20 cent per basic and diluted share compared to loss attributable to the owners of the parent, net of tax of SGD 10,333,000 or 3.02 cent per basic and diluted share a year ago. Net cash flows from operating activities were SGD 608,000 compared to SGD 2,940,000 a year ago. Purchase of plant and equipment was SGD 4,289,000 compared with SGD 1,679,000 a year ago.

For the full year, the company reported revenue of SGD 30,880,000 compared to SGD 32,300,000 a year ago. Profit before tax from continuing operations was SGD 2,442,000 compared to loss before tax from continuing operations of SGD 12,170,000 a year ago. Profit attributable to the owners of the parent was SGD 2,335,000 or 0.68 cent per basic and diluted share compared to loss attributable to the owners of the parent of SGD 12,080,000 or 3.53 cent per basic and diluted share a year ago. Net cash flows from operating activities were SGD 8,098,000 compared to SGD 9,550,000 a year ago. Purchase of plant and equipment was SGD 15,855,000 compared to SGD 2,264,000 a year ago. Recurring EBITDA was SGD 2,061,000 compared to recurring LBITDA was SGD 12,316,000 a year ago.

The company reported impairment loss on other asset of SGD 50,000 for the fourth quarter of 2016.