The Hour Glass Limited announced unaudited group earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported total revenue and other income of $187,699,000 against $187,443,000 a year ago. Profit before taxation was $18,386,000 against $19,310,000 a year ago. Profit attributable to owners of the company was $14,506,000 against $14,835,000 a year ago. Net cash flows used in operating activities were $7,980,000 against cash flow from operating activities $3,880,000 a year ago. Purchase of property, plant and equipment was $2,036,000 against $884,000 a year ago. Basic and diluted earnings per share were 2.06 cents against 2.10 cents a year ago.

For the nine months, the company reported total revenue and other income of $524,628,000 against $511,837,000 a year ago. Profit before taxation was $43,435,000 against $45,900,000 a year ago. Profit attributable to owners of the company was $34,627,000 against $34,950,000 a year ago. Net cash flows used in operating activities was $16,109,000 against $7,649,000 a year ago. Purchase of property, plant and equipment was $5,414,000 against $5,074,000 a year ago. Basic and diluted earnings per share were 4.91 cents against 4.96 cents a year ago.

Barring any unforeseen circumstances, the group expects to remain profitable for the financial year.