Revenue during the quarter dropped 10.40 percent to $0.60 million from $0.67 million in the previous year period.

Total expenses were $2.02 million for the quarter, down 62.41 percent or $3.35 million from year-ago period. Operating margin for the quarter stood at negative 234.66 percent as compared to a negative 697.77 percent for the previous year period.

Operating loss for the quarter was $1.42 million, compared with an operating loss of $4.70 million in the previous year period.

The company has spent $44.12 million cash to meet investing activities during the year as against cash inflow of $38.01 million in the last year.

The company has spent $5.91 million cash to carry out financing activities during the year as against cash outgo of $75.94 million in the last year period.

Cash and cash equivalents stood at $94.56 million as on Dec. 31, 2016, down 39.91 percent or $62.81 million from $157.37 million on Dec. 31, 2015.

Accounts payable stood at $0.84 million as on Dec. 31, 2016.

Investments stood at $89.62 million as on Dec. 31, 2016, up 79.31 percent or $39.64 million from year-ago.

Total assets stood at $248.80million as on Dec. 31, 2016. On the other hand, total liabilities were at $12.46 million as on Dec. 31, 2016.

Return on assets was at 2.10 percent in the quarter. Return on equity was negative at 2.21 percent in the quarter.

Shareholders equity was at $236.35 million as on Dec. 31, 2016.