Procurri Corporation Limited announced unaudited consolidated and company earnings results for the first quarter ended March 31, 2018. For the first quarter, on consolidated basis, the company reported revenue of SGD 49,492,000 against SGD 38,303,000 a year ago. Profit before tax was SGD 1,979,000 against SGD 24,000 a year ago. Profit attributable to owners of the company was SGD 1,002,000 or 0.35 cents per basic and diluted share against SGD 164,000 or 0.06 cents per basic and diluted share a year ago. Net cash generated from operating activities was SGD 217,000 against SGD 9,034,000 a year ago. Purchase of plant and equipment was SGD 734,000 against SGD 2,463,000 a year ago. Net asset value per share was 23.07 cents as March 31, 2018. Earnings before interest, taxation, depreciation and amortisation were SGD 4,503,000 compared to SGD 1,635,000 a year ago.

The Group expects the financial results for the second quarter ending 30 June 2018 to be profitable.