Karambunai Corp. Bhd reported unaudited consolidated earnings results for the fourth quarter and year ended March 31, 2016. For the quarter, the company reported revenue of MYR 12,107,000 against MYR 14,534,000 a year ago. Loss from operations was MYR 5,843,000 against MYR 11,689,000 a year ago. Loss before tax was MYR 5,843,000 against MYR 11,699,000 a year ago. Loss for the year attributable to owners of the parent was MYR 3,132,000 or 0.05 sen per basic share against MYR 12,787,000 or 0.22 sen per basic share a year ago. The decrease in revenue was attributed mainly to the lower revenue recorded in the property development and construction segment offset by higher revenue in the leisure and tourism segment. The loss before tax was decreased attributed mainly to the continuous improvement in the leisure and tourism segment, and the lower loss in the property development and construction segment. For the year, the company reported revenue of MYR 51,856,000 against MYR 50,661,000 a year ago. Loss from operations was MYR 24,142,000 against MYR 43,357,000 a year ago. Loss before tax was MYR 24,235,000 against MYR 43,498,000 a year ago. Loss for the year attributable to owners of the parent was MYR 22,137,000 or 0.38 sen per basic share against MYR 41,258,000 or 0.71 sen per basic share a year ago. Net cash used in operating activities was MYR 5,383,000 against MYR 50,206,000 a year ago. Purchase of property, plant & equipment was MYR 410,000 against MYR 1,103,000 a year ago. Additions to land held for property development was MYR 26,000 against MYR 191,000 a year ago. The increase in revenue derived mainly from the property development and construction segment which recorded an increase of MYR 3.36 million in revenue, attributed to the higher recognition of attributable revenue from the Bandar Sierra project and the disposal of land in Bandar Sierra. The loss before tax was decreased attributed mainly to better performance in the leisure and tourism segment as a result of better management of operating cost, lower foreign currency translation loss, and the one-off gain from the disposal of land in Bandar Sierra.