Nationwide Express Courier Services Berhad reported unaudited consolidated earnings results for the fourth quarter and year ended March 31, 2014. For the quarter, the company reported revenue of MYR 25,268,000 compared to MYR 23,400,000 a year ago. Profit before tax was MYR 876,000 compared to loss before tax of MYR 4,168,000 a year ago. Profit net of tax was MYR 827,000 or 1.38 sen basic per share compared to loss of MYR 4,015,000 or 6.68 sen basic per share a year ago.

For the year, the company reported revenue of MYR 97,742,000 compared to MYR 99,036,000 a year ago, a decrease of MYR 1.30 million (1.31%) due to the lower revenue contributed by each segment during the year. Loss before tax was MYR 766,000 compared to MYR 2,641,000 a year ago. Loss net of tax was MYR 891,000 or 1.48 sen basic per share compared to MYR 2,922,000 or 4.86 sen basic per share a year ago. Net cash used in operating activities was MYR 74,000 compared to net cash generated from operating activities of MYR 7,187,000 a year ago. Purchase of property, plant and equipment was MYR 6,978,000 compared to MYR 4,979,000 a year ago. The decrease in net loss was mainly due to the decrease in costs.