Tuan Sing Holdings Limited reported audited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of SGD 112,055,000 compared to SGD 65,267,000 a year ago. Profit before tax and fair value adjustments were SGD 26,497,000 compared to SGD 3,529,000 a year ago. Profit before tax was SGD 32,754,000 compared to SGD 30,225,000 a year ago. Profit for the period was SGD 24,502,000 compared to SGD 25,341,000 a year ago. Profit attributable to owners of the company was SGD 24,343,000 compared to SGD 25,299,000 a year ago. Basic and diluted earnings per share excluding fair value adjustments were 1.6 cents compared to 0.1 cents a year ago. Basic and diluted earnings per share including fair value adjustments were 2.1 cents compared to 2.2 cents a year ago. Net cash used in operating activities were SGD 10,212,000 compared to net cash from operating activities of SGD 12,359,000 a year ago. Additions to property, plant and equipment was SGD 127,000 compared to SGD 201,000 a year ago. Additions to investment properties were SGD 3,834,000 compared to SGD 9,463,000 a year ago.

For the full year, the company reported revenue of SGD 354,765,000 compared to SGD 302,273,000 a year ago. Profit before tax and fair value adjustments were SGD 69,504,000 compared to SGD 35,545,000 a year ago. Profit before tax was SGD 75,973,000 compared to SGD 62,769,000 a year ago. Profit for the period was SGD 61,586,000 compared to SGD 53,054,000 a year ago. Profit attributable to owners of the company was SGD 61,169,000 compared to SGD 52,000,000 a year ago. Basic and diluted earnings per share excluding fair value adjustments were 4.7 cents compared to 2.4 cents a year ago. Basic and diluted earnings per share including fair value adjustments were 5.2 cents compared to 4.5 cents a year ago. Return on shareholders' funds was 7.9% compared to 7.1% a year ago. Net cash from operating activities were SGD 13,689,000 compared to SGD 73,182,000 a year ago. Additions to property, plant and equipment was SGD 831,000 compared to SGD 679,000 a year ago. Additions to investment properties were SGD 11,068,000 compared to SGD 11,297,000 a year ago.