Midas Holdings Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported revenue of RMB 303,524,000 against RMB 320,586,000 year ago. Profit before income tax expense was RMB 14,319,000 against RMB 12,309,000 a year ago. Profit for the period was RMB 9,986,000 against RMB 10,928,000 a year ago. Net cash used in operating activities was RMB 27,987,000 against RMB 102,275,000 a year ago. Purchase of property, plant and equipment was RMB 110,452,000 against RMB 172,151,000 a year ago. Purchase of land use rights was RMB 1,172,000. Basic and diluted earnings per share were RMB 0.8 against RMB 0.9 a year ago.