AGV Group Limited announced unaudited group earnings results for the year ended September 30, 2017. For the year, the company’s revenue was SGD 18,009,000 compared to SGD 20,230,000 a year ago. This was mainly due to the decline in tonnage of hot dip galvanizing services provided by the Group. Loss before income tax was SGD 3,285,000 against profit before income tax of SGD 997,000 a year ago. Loss for the year was SGD 2,935,000 against profit of SGD 623,000 a year ago. Loss for the year attributable to owners of the company was SGD 2,736,000 against profit of SGD 623,000 a year ago. Basic and diluted loss per share attributable to owners of the company was 2.17 cents against basic and diluted earnings per share attributable to owners of the company of 0.49 cents a year ago. Net cash used in operating activities was SGD 2,090,000 against net cash generated from operating activities of SGD 4,973,000 a year ago. Acquisition of property, plant and equipment was SGD 213,000 against SGD 361,000 a year ago.