On first glance, the fourth quarter results do not look favourable. Net profit for the quarter was down 21.3%. Revenue was up 32.8%. the highlight for this quarter was a month of contribution from Straco’s new acquisition, the Singapore Flyer. Operating expenses was higher and increase of 3.4 mil or a 61% increase, basically factoring increase in costs due to administration of aquarium business bus largely due to expenses incurred by the Singapore Flyer. Administrative expenses was 3.2 mil higher or 119% higher due mainly to one off expenses related to the acquisition, such as stamp duty paid for the investment property acquired and legal and professional fees amounting to 1.98 mil. Much to my disappointment, I would have thought that the currency movement between Renminbi and Singapore dollars would allow for some currency gains, but that end up with a slight loss. Maiden results ......