SinoCom Software Group Limited announced consolidated earnings results for the full year ended December 31, 2012. For the period, the company reported revenues of HKD 589,806,000 compared with HKD 684,942,000 for the same period a year ago. Profit from operations was HKD 13,704,000 compared with HKD 96,113,000 for the same period a year ago.

Profit before tax was HKD 15,675,000 compared with HKD 223,562,000 for the same period a year ago. Loss for the year attributable to owners of the company was HKD 6,663,000 or 0.60 cents per diluted share compared with profit for the year attributable to owners of the company of HKD 186,358,000 or 16.72 cents per diluted share for the same period a year ago. The decrease in turnover was mainly attributable to turnover loss on deemed disposal of SinoCom DIR and its subsidiaries and the depreciation of the JYP in which 95.7% of total turnover for the year ended 31 December 2012 was denominated.