DeClout Limited reported unaudited group earnings results for the third Quarter and nine months ended September 30, 2017. For the quarter, the company reported revenues of SGD 73,399,000 against SGD 81,162,000 a year ago, due mainly to the absence of SGD 13.1 million revenue contribution from Acclivis, which was divested in late 2016. Loss before tax was SGD 1,419,000 against SGD 3,086,000 a year ago. Loss after tax was SGD 3,819,000 against SGD 3,326,000 a year ago. Net loss attributable to owners of the company was SGD 2,998,000 or 0.46 cents basic and diluted share against SGD 3,463,000 or 0.56 cents basic and diluted share a year ago. Net cash flows generated from operating activities were SGD 4,565,000 against net cash flows used in operating activities of SGD 9,779,000 a year ago. Purchase of property, plant and equipment was SGD 2,882,000 against SGD 2,495,000 a year ago.

For the nine month, the company reported revenues of SGD 203,863,000 against SGD 212,835,000 a year ago. Loss before tax was SGD 9,029,000 against SGD 190,000 a year ago. Loss after tax was SGD 11,603,000 against SGD 1,874,000 a year ago. Net loss attributable to owners of the company was SGD 8,647,000 or 1.33 cents basic and diluted share against SGD 3,052,000 or 0.49 cents basic and diluted share a year ago. Net cash flows used in operating activities were SGD 4,836,000 against SGD 23,391,000 a year ago. This was mainly due to increases in inventories, contract work-in-progress and other assets of SGD 11.6 million, decrease in trade and other payables of SGD 12.4 million and taxes paid of SGD 2.1 million, partially offset by an operating cash inflow (before changes in working capital) of SGD 1.8 million, decreases in trade and other receivables and finance lease receivables of SGD 3.7 million, and increase in other liabilities of SGD 15.8 million mainly due to advance billings to customers in respect of maintenance services. Purchase of property, plant and equipment was SGD 14,259,000 against SGD 8,833,000 a year ago.

For the quarter, the company reported plant and equipment written off of SGD 6,000 against SGD 2,000 a year ago.