Lafe Corporation Limited reported unaudited consolidated earnings results for the year ended December 31, 2016. For the year, the company reported revenue of USD 11,610,000 against USD 12,626,000 a year ago. Loss before taxation was USD 10,903,000 against USD 36,804,000 a year ago. Net loss for the year was USD 9,782,000 or 38.61 cents per diluted share against USD 36,832,000 or 153.91 cents per diluted share a year ago. Net cash used in operating activities was USD 7,576,000 against USD 6,619,000 a year ago. Acquisition of property, plant and equipment was USD 37,000 against USD 30,000 a year ago. Net asset value per ordinary share was 218.6 cents against 257.4 cents a year ago. The decrease in revenue was mainly attributable to the decrease in rental income.