PS Group Holdings Ltd. announced unaudited consolidated earnings results for the full year ended December 31, 2013. For the year, the company announced revenue of SGD 11,770,608 compared to SGD 12,293,262 for the same period a year ago. Profit before taxation was SGD 212,461 compared to SGD 1,329,665 for the same period a year ago.

Profit for the year was SGD 131,877 compared to SGD 1,092,237 for the same period a year ago. Profit for the year attributable to owners of the company was SGD 131,877 compared to SGD 1,092,237 for the same period a year ago. Net cash flows generated from operating activities was SGD 130,645 compared to SGD 716,842 for the same period a year ago.

Purchase of property, plant and equipment was SGD 64,726 compared to SGD 100,562 for the same period a year ago. Earnings per ordinary shares, basic and fully diluted were 0.23 cents compared to 2.29 cents for the same period a year ago. The decrease in revenue was mainly due to the absence of sales to a regular customer in South America who had committed to an order of SGD 228,000 scheduled for delivery in the second half of fiscal 2013 but as at 31 December 2013 has yet to take delivery of the items and the decline in the price of fasteners in line with the general decline in global steel prices.