Connectcounty Holdings Bhd reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2011. For the quarter, the company reported net loss attributable to shareholders of MYR 1,843,731 or 1.30 sen per basic share against net profit attributable to shareholders of MYR 1,083,875 or 0.53 sen per basic share for the same period a year ago. Operating revenue was MYR 14,372,726 against MYR 11,766,852 a year ago. Loss from operation was MYR 1,635,731 against profit from operation of MYR 358,073 a year ago. Loss before tax was MYR 1,822,711 against profit before tax of MYR 156,683 a year ago. For the year, the company reported revenue of MYR 51,419,909 against forecast revenue of MYR 59,689,778. Loss before taxation was MYR 2,976,190 against 786,872 for the same period a year ago. Net loss attributable to shareholders was MYR 2,431,650 or 1.36 sen per basic share against forecast net profit attributable to shareholders of MYR 1,662,972 and MYR 1,710,999 or 0.84 sen per basic share for the same period a year ago. Net cash used in operations was MYR 7,478,308 against net cash generated from operations of MYR 1,959,203 for the same period a year ago. Purchase of plant and equipment was MYR 2,334,782 against MYR 964,606 for the same period a year ago. Loss from operation was MYR 2,504,344 against profit from operation of MYR 3,399,604 a year ago. The Board is cautiously optimistic of the 2012 prospects for the Group.