Cathay International Holdings Limited reported unaudited consolidated earnings results for the six months ended June 30, 2016. For the period, revenue was $61,050,000 against $62,156,000 for the same period prior year. Profit from operations was $5,462,000 against $2,399,000 for the same period prior year. Profit before income tax was $2,486,000 against loss before income tax of $432,000 for the same period prior year. Profit for the period was $706,000 against loss for the period of $1,256,000 for the same period prior year. Loss for the period attributable to owners of the parent was $1,928,000 against loss of $4,266,000 for the same period prior year. Basic and diluted loss per share was 0.51 cents against loss of 1.13 cents for the same period prior year. Net cash used in operating activities was $3,697,000 against net cash generated from operating activities of $1,958,000 for the same period prior year.

The company expects that the business of the Group's operations will gradually recover from the last year's setbacks and enter into a new period of growth over the short-to-medium term.