The Stratech Group Limited announced unaudited consolidated earnings results for the first half year ended September 30, 2015. For the period, the company reported revenue of SGD 2,088,000 against SGD 9,174,000 a year ago. Net loss before income tax was SGD 3,730,000 against net income before income tax of SGD 125,000 a year ago.

Net loss attributable to shareholders of the company was SGD 3,730,000 against net profit attributable to shareholders of the company of SGD 125,000 a year ago. Basic and diluted loss per share was 0.24 cents against basic and diluted earnings per share of 0.01 cents a year ago. Net cash used in operating activities was SGD 1,634,000 against net cash from operating activities of SGD 335,000 a year ago.

Additions to intangible assets were SGD 316,000 against SGD 469,000 a year ago. Acquisition of plant and equipment was SGD 53,000 against SGD 69,000 a year ago. The decrease was mainly attributed to lower level of project activities in line with the project milestones of the on-going projects.

Cash used in operating activities was mainly due to increase in trade and other receivables, inventories and offset by increase in trade and other payables.