South China Assets Holdings Limited announced consolidated earnings results for the year ended December 31, 2017. For the year, the company announced revenue of HKD 1,736,000 against HKD 5,539,000 reported last year. The property development segment did not record any revenue from external customers for the years ended 31 December 2017 and 2016 as the property development projects on hand were still at the planning stage. Operating profit was HKD 33,757,000 compared to operating loss of HKD 266,018,000 for the same period a year ago. Profit before income tax was HKD 7,385,000 compared to loss before income tax of HKD 292,580,000 for the same period a year ago. Loss for the year attributable to the equity holders of the company was HKD 14,819,000 or 0.13 cents per basic and diluted share compared to profit for the year attributable to the equity holders of the company of HKD 292,580,000 or 2.66 cents per basic and diluted share for the same period a year ago.