Triyards Holdings Limited reported unaudited consolidated earnings results for the year ended August 31, 2017. For the year, the company reported revenue of $116,208,000 against $324,892,000 a year ago. Loss from operations was $86,283,000 against profit from operations of $26,063,000 a year ago. Loss before tax was $162,979,000 against profit before tax of $19,612,000 a year ago. Loss after tax attributable to owners of the company was $162,465,000 against profit after tax attributable to owners of the company of $17,793,000 a year ago. Net cash used in operating activities was $22,949,000 against $30,109,000 a year ago. Purchase of fixed assets was $5,721,000 against $20,932,000 a year ago. Additions to intangible assets were $1,309,000 against $1,227,000 a year ago. The decrease in revenue was mainly due to lower contributions from six units of self-elevating unit which were either delivered to the clients or essentially completed by the end of fiscal year 2017. Diluted loss per share was 50.06 cents against diluted earnings per share of 5.48 cents a year ago. The loss before tax was mainly due to gross loss and allowance for impairment of assets and higher interest expenses. The Group recorded net cash used in operating activities was mainly due to net increase in inventories and work-in-progress reflecting higher stockholding for the on-going shipbuilding and fabrication projects and it was partially offset by: net decrease in trade receivables and amount due from related companies, mainly due to payment received; and net increase in trade payables as a result of purchase of materials and equipment for the on-going projects.