Ping Shan Tea Group Limited reported unaudited consolidated earnings results for the six months ended June 30, 2015. For the period, revenue was HKD 161,654,000 against HKD 209,027,000 a year ago. Profit from operations was HKD 21,843,000 against HKD 65,827,000 a year ago.

Loss before income tax was HKD 85,587,000 against profit before income tax of HKD 29,510,000 a year ago. Loss for the period from continuing operations was HKD 87,965,000 or 0.54 cents per basic share against profit for the period from continuing operations of HKD 27,763,000 or 0.23 cents per basic share a year ago. Loss for the period attributable to equity shareholders of the company was HKD 87,481,000 or 0.54 cents per basic share against HKD 617,965,000 or 5.00 cents per basic share a year ago.

Net cash used in operating activities approximately HKD 182.4 million against net cash generated from operative activities were HKD 162 million a year ago.