Innity Corporation Bhd announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company announced revenue of MYR 10,770,000 compared to MYR 8,208,000 for the same period a year ago. Loss from operations was MYR 759,000 compared to MYR 1,179,000 for the same period a year ago.

Loss before taxation was MYR 766,000 compared to MYR 1,253,000 for the same period a year ago. Loss for the period was MYR 810,000 compared to MYR 1,255,000 for the same period a year ago. Loss attributable to owners of the company was MYR 763,000 compared to MYR 1,110,000 for the same period a year ago.

Basic loss per ordinary share was 0.55 sen compared to 0.84 sen for the same period a year ago. Net cash generated from operating activities was MYR 139,000 compared to MYR 598,000 for the same period a year ago. Development expenditure paid was MYR 257,000 compared to MYR 121,000 for the same period a year ago.

Purchase of plant and equipment was MYR 35,000 compared to MYR 95,000 for the same period a year ago. All the segments have contributed higher revenue and led to the lower losses.