International Press Softcom Limited announced unaudited group earnings results for the six months ended June 30, 2017. For the six months, the company reported turnover of SGD 16,461,000 against SGD 21,560,000 a year ago. Loss before tax was SGD 2,957,000 against SGD 1,592,000 a year ago. Loss attributable to owners of the company was SGD 3,011,000 or 0.69 cents basic and diluted per share against SGD 1,654,000 or 0.38 cents basic and diluted per share a year ago. Group's turnover fell 23.6%, year-on-year, largely due to the cessation of a supply chain project to a major customer in May 2016 (‘Ceased Project’) and weaker performance in the existing supply chain management segment. Other operating income was 39.6% down year-on-year largely due to the Ceased Project and the absence of one-off interest wavier from a supplier granted to the group's partially-owned Indian subsidiary in first half of 2016. Net cash flows used in operating activities was SGD 2,056,000 against net cash flows generated from operating activities of SGD 998,000 a year ago. Purchase of fixed assets was SGD 523,000 against SGD 401,000 a year ago. The group generated negative net cash flows from operations as compared to cash inflows a year ago. This was largely due to the increase in losses recorded by the group.