Midas Holdings Limited reported consolidated earnings results for the year ended December 31, 2016. For the year, the company reported revenue of RMB 1,485.7 million compared to RMB 1,512.2 million for the same period a year ago. Profit before tax was RMB 135.9 million compared to RMB 77.2 million for the same period a year ago. Profit after tax was RMB 100.8 million compared to RMB 57.2 million for the same period a year ago. Profit for the year was RMB 100.8 million or RMB 6.66 fen per diluted share compared to RMB 57.2 million or RMB 4.70 per diluted share for the same period a year ago. Net cash used in operating activities was RMB 16.637 million against net cash from operating activities of RMB 559.008 million a year ago. Purchase of property, plant and equipment was RMB 288.651 million against RMB 450.119 million a year ago. Increase in net profit was due mainly to contributions from the group's Aluminium Stretched Plates Division following the completion of its acquisition on July 27, 2016 during the year under review.