SP Corporation Ltd. announced unaudited group earnings results for the year ended December 31, 2011. For the period, the company reported profit before tax of SGD 2,799,000 and profit attributable to owners of the company of SGD 2,470,000 or 0.70 cents per diluted share on revenue of SGD 187,047,000 against profit before tax of SGD 3,765,000 and profit attributable to owners of the company of SGD 3,378,000 or 0.96 cents per diluted share on revenue of SGD 170,674,000 for the same period a year ago. Revenue in fiscal year 2011 was higher than fiscal year 2010 because of higher commodities trading and export tyre sales, partially offset by lower revenue from geotechnical services. Net cash used in operating activities was SGD 8,220,000 against SGD 1,856,000 for the same period a year ago. Payments for acquisition of plant and equipment were SGD 283,000 against SGD 937,000 for the same period a year ago. Net cash used in operating activities was mainly to support the higher volume of commodity trading where credit terms from suppliers were shorter than those to the customers.