DeGem Berhad reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company's revenue was MYR 37,804,000 compared to MYR 43,286,000 a year ago. Profit before tax was MYR 140,000 compared to MYR 3,539,000 a year ago. Loss was MYR 864,000 compared to profit of MYR 2,565,000 a year ago. Loss attributable to owners of the company was MYR 876,000 compared to profit of MYR 3,005,000 a year ago. The decrease in profit was mainly due to the lower sales volume in the retail segment and loss arising from foreign exchange. Basic loss per ordinary share was 0.67 sen compared to earnings per share of 2.30 sen a year ago. Net cash used in operating activities was MYR 2,700,000 compared to MYR 5,314,000 a year ago. Acquisition of property, plant and equipment was MYR 390,000 compared to MYR 14,000 a year ago.

The company also announced property, plant and equipment written off of MYR 140,000 for the first quarter ended March 31, 2018 compared to MYR 3,000 a year ago.

The Group is cautiously optimistic that the outlook of the Group's operations will remain positive for the remaining financial year 2018.