IMASPRO Corporation Bhd. announced unaudited consolidated earnings results for the first quarter ended September 30, 2012. For the quarter, revenue was MYR 19,431,000 against MYR 14,460,000 for the same ago. Profit before taxation was MYR 1,455,000 against MYR 1,384,000 for the same ago. This 35.6% decrease in profit before tax was due to lower sales achieved in the current quarter in comparison with the immediate preceding quarter. Profit attributable to equity holders of the parent company was MYR 1,130,000 or 1.41 sen basic per share against MYR 1,069,000 or 1.34 sen basic per share for the same ago. Net cash used in operating activities was MYR 2,392,000 against net cash generated from operating activities of MYR 5,528,000 for the same period a year ago. Purchase of property, plant and equipment was MYR 27,000 against MYR 315,000 for the same period a year ago. The decrease in profit was due to the lower sales generated and higher cost of sales for this quarter in comparison with the preceding year corresponding quarter. Profit for the period has increased by 5.7% to MYR 1.130 million in the current quarter under review from the preceding year corresponding quarter of MYR 1.069 million. The increase in profit was due to the higher sales achieved for this quarter in comparison with the preceding year corresponding quarter.

The Board of Directors is recommending a first and final single tier dividend of 3.5 sen per share, in respect of the financial year ended June 30, 2012.
The dividend payable amounting to MYR 2,800,000 was approved by the shareholders of the company at the AGM of the company on November 22, 2012 and will be paid on January 21, 2013.