IPC Corporation Ltd. announced unaudited consolidated earnings results for the year ended Dec. 31, 2016. For the year, the company reported sales of SGD 3,920,000, loss before income tax of SGD 13,156,000, loss attributable to equity holders of the company of SGD 11,540,000, net cash used in operating activities of SGD 23,494,000, purchases of property, plant and equipment of SGD 96,000, loss per ordinary share on a fully diluted basis of SGD 13.53 compared to the sales of SGD 22,889,000, profit before income tax of SGD 38,961,000, profit attributable to equity holders of the company of SGD 21,891,000, net cash from operating activities of SGD 6,092,000, purchases of property, plant and equipment of SGD 2,871,000, earnings per ordinary share on a fully diluted basis of SGD 25.67 for the previous year. The decrease in gross profit for the financial year under review was in tandem with the decrease in sales and increase in depreciation and amortisation of leasehold properties arising from the reclassification of non-current asset held for sale to prepaid leasehold properties and Property, plant and equipment.