SIG Gases Berhad reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported revenue of MYR 18,535,000 against MYR 19,912,000 a year ago. The shortfall was largely attributed to lower sale of acetylene gas and liquid nitrogen. This was mainly caused by lower project jobs in the current quarter as compared to the fourth quarter in 2015. Profit before tax was MYR 1,399,000 compared to loss of MYR 420,000 a year ago. Profit after tax and total comprehensive income for the period was MYR 612,000 compared to loss of MYR 1,262,000 a year ago. Total comprehensive income attributable to equity holders of the company was MYR 612,000 or 0.33 sen per basic and diluted share compared to loss of MYR 1,262,000 or 0.67 sen per basic and diluted share a year ago. The Group achieved a profit before tax of MYR 1.40 million in the current quarter as compared to a loss before tax of MYR 0.42 million in 4th Quarter in 2015, largely due to one-off cylinders shortage written off of MYR 2.26 million in the corresponding quarter. The share of profit from the associate company was down by MYR 0.17 million, mainly due to provision for deferred taxation of MYR 1.32 million in 4th quarter of 2016. Selling & admin expenses were reduced by MYR 1.21 million due to lower write down on cylinders. The finance charges also equally lower by MYR 0.16 million or 44.44% with the partial repayment of term loan and reduction in the utilisation of trade line facilities. For the year, the company reported revenue of MYR 75,830,000 against MYR 75,705,000 a year ago. This was contributed by higher liquid nitrogen sales for purging jobs together with higher sales of refrigerants products to manufacturing sector during the period. However, the increase in sales was partially offsetted by lower sales in acetylene gas. Profit before tax was MYR 8,273,000 compared to MYR 8,577,000 a year ago. Profit after tax and total comprehensive income for the period was MYR 5,966,000 compared to MYR 6,396,000 a year ago. Total comprehensive income attributable to equity holders of the company was MYR 5,966,000 or 3.18 sen per diluted share compared to MYR 6,396,000 or 3.41 sen per basic and diluted share a year ago. Net cash from operating activities was MYR 13,870,000 compared to net cash used in operating activities of MYR 778,000 a year ago. Purchase of property, plant and equipment was MYR 7,147,000 compared to MYR 10,564,000 a year ago. Net assets per share attributable to ordinary equity holders of the company were MYR 0.66.