Raffles United Holdings Ltd. reported unaudited consolidated earnings results for the six months ended June 30, 2018. For the six months, the company reported revenue of SGD 37,237,000 against SGD 39,171,000 a year ago. Profit before tax was SGD 1,018,000 against SGD 1,069,000 a year ago. Profit for the period was SGD 798,000 against SGD 755,000 a year ago. Profit attributable to owners of the company was SGD 710,000 against SGD 578,000 a year ago. Net cash flows generated from operating activities was SGD 855,000 against SGD 5,570,000 a year ago. Purchase of property, plant and equipment was SGD 2,322,000 against SGD 150,000 a year ago. Earnings per share diluted were 0.303 cents against 0.247 cents a year ago. The Group net asset value per ordinary share based on issued share capital was 31.75 cents. The 5% decline in revenue reflected intense competition in the dealers' market, notably in the ASEAN and other Asian countries, along with longer delivery lead time from certain suppliers, resulting in the delay in the fulfilment of certain customers' back orders.