M Development Ltd. announced audited consolidated earnings results for the year ended December 31, 2015. For the year, the company reported revenue of SGD 36,790,000 compared to SGD 23,014,000 a year ago. Loss before tax from continuing operations was SGD 915,000 against profit before tax from continuing operations of SGD 1,227,000 a year ago.

Loss for the year of SGD 3,230,000 against profit of SGD 94,000 a year ago. Basic and diluted loss per share attributable to owners of the company was SGD 0.10 against earnings per share of 0.03 a year ago. Net cash flows used in operating activities were SGD 1,170,000 compared to SGD 4,210,000 a year ago.

Purchase of property, plant and equipment was SGD 11,000 compared to SGD 214,000 a year ago.