Full Apex (Holdings) Limited reported unaudited group earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of RMB 251.859 million against RMB 311.130 million a year ago. Profit before income tax was RMB 3.534 million against loss of RMB 55.546 million a year ago.

Profit for the period attributable to owners of the company was $2.272 million or 0.26 cents per basic share against loss for the period attributable to owners of the company of $55.574 million or 6.32 cents per basic share a year ago. Net cash generated from operating activities was RMB 159.351 million against RMB 247.800 million a year ago. Purchases of property, plant and equipment was RMB 0.171 million against RMB 36.904 million a year ago.

Net asset value attributable to the owner of the company per ordinary share as at March 31, 2015 was 160.1 cents against 159.9 cents as at December 31, 2014. Revenue decreased by 19.1% or RMB 59.2 million, due mainly to lower sales from the PET resin business. Both sales volume and unit prices of PET resin saw a decline.