Union Steel Holdings Limited announced unaudited consolidated earnings results for the second quarter and first six months ended December 31, 2016. For the quarter, the company announced revenue marginally increased by 2.7%, SGD 23,503,000 compared to SGD 22,881,000 for the same period a year ago, due principally to the maiden revenue contribution of SGD 2.8 million from Transvictory and offset by lower contribution from the group's engineering and trading business in Singapore and discontinued operations in Malaysia. Profit from operations was SGD 1,054,000 compared to SGD 430,000 for the same period a year ago. Profit before taxation was SGD 706,000 compared to SGD 134,000 for the same period a year ago. Profit after taxation was SGD 591,000 compared to SGD 54,000 for the same period a year ago. Profit attributable to owners of the company was SGD 483,000 compared to SGD 105,000 for the same period a year ago. Net cash from operating activities was SGD 6,832,000 compared to SGD 3,453,000 for the same period a year ago. Purchase of property, plant and equipment was SGD 1,488,000 compared to SGD 361,000 for the same period a year ago. For the six months, the company announced revenue marginally increased by 0.8%, SGD 46,544,000 compared to SGD 46,183,000 for the same period a year ago, due principally to the maiden revenue contribution of SGD 2.8 million from Transvictory and offset by lower contribution from the group's engineering and trading business in Singapore and discontinued operations in Malaysia. Profit from operations was SGD 1,415,000 compared to SGD 500,000 for the same period a year ago. Profit before taxation was SGD 732,000 compared to loss before taxation of SGD 122,000 for the same period a year ago. Profit after taxation was SGD 630,000 compared to loss after taxation of SGD 263,000 for the same period a year ago. Profit attributable to owners of the company was SGD 522,000 or 1.3 cents per basic and diluted share compared to loss attributable to owners of the company of SGD 263,000 or 0.67 cents per basic and diluted share for the same period a year ago. Net cash used in operating activities was SGD 438,000 compared to net cash from operating activities of SGD 6,427,000 for the same period a year ago. Purchase of property, plant and equipment was SGD 1,924,000 compared to SGD 1,727,000 for the same period a year ago. Net asset value per ordinary share based on issued share capital as at the respective balance sheet dates was 164.7 cents as on December 31, 2016.