HUPSteel Limited announced unaudited group earnings results for the second quarter and half year ended December 31, 2017. For the quarter, the company reported revenue of SGD 10,277,000 against SGD 12,107,000 a year ago. Loss before tax was SGD 2,066,000 against profit before tax of SGD 475,000 a year ago. Loss attributable to equity holders of the company was SGD 2,073,000 or 1.70 cents basic and diluted per share against profit attributable to equity holders of the company of SGD 468,000 or 0.38 cents basic and diluted per share a year ago. Net cash provided by operating activities was SGD 3,025,000 against SGD 2,541,000 a year ago. Purchases of property, plant & equipment and investment properties were SGD 974,000 against SGD 22,000 a year ago. Revenue also fell by 15% when making year-on-year comparison with second quarter of 2017 revenue of SGD 12.1 million. This was due to the continued slowdown in the marine, oil and gas sectors and the yearend holiday season. For the half year, the company reported revenue of SGD 23,082,000 against SGD 24,138,000 a year ago. Profit before tax was SGD 2,600,000 against SGD 292,000 a year ago. Profit attributable to equity holders of the company was SGD 2,586,000 or 2.11 cents basic and diluted per share against SGD 294,000 or 0.24 cents basic and diluted per share a year ago. Net cash provided by operating activities was SGD 3,784,000 against SGD 2,484,000 a year ago. Purchases of property, plant & equipment and investment properties were SGD 1,095,000 against SGD 34,000 a year ago. Net asset value per ordinary share was 135.32 cents.