Triyards Holdings Limited reported unaudited consolidated earnings results for the first quarter ended September 30, 2015. For the quarter, the company reported revenue of USD 78,125,000 compared to USD 56,699,000 a year ago. Profit from operations was USD 8,012,000 compared to USD 10,546,000 a year ago.

Profit before tax was USD 7,012,000 compared to USD 9,199,000 a year ago. Profit attributable to owners of the company was USD 6,157,000 compared to USD 8,224,000 a year ago. Net cash generated from operating activities was USD 1,393,000 compared to USD 10,522,000 a year ago.

Purchase of fixed assets was USD 3,562,000 compared to USD 4,463,000 a year ago. Additions to intangible assets was USD 76,000 a year ago. The increase in revenue was mainly due to: Four units of self-elevating units (SEUs) and two units of multi-purpose support vessels (MPSVs), contracts of which were awarded in fiscal year 2015, had made significant contributions during the financial period and Certain industrial and offshore fabrication projects.

Earnings per ordinary share were 1.90 cents against 2.61 cents a year ago. Net asset value per ordinary share as on 30 November 2015 was 66.20 cents. The Group recorded net cash inflow from operating activities mainly due to receipts from customers.

These were partially offset by payments to suppliers.