TeleChoice International Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of SGD 116,813,000 compared to revenue of SGD 101,989,000 for the same period a year ago. Profit before income tax was SGD 1,602,000 compared to SGD 2,303,000 last year. Profit was SGD 1,103,000 compared to SGD 1,728,000 last year. Profit attributable to equity holders of the company was SGD 1,160,000 or 0.26 cents per basic and diluted share compared to SGD 1,742,000 or 0.38 cents per basic and diluted share last year. Net cash outflow from operating activities was SGD 10,984,000 compared to net cash inflow from operating activities of SGD 5,016,000 last year. Purchase of intangible assets was SGD 70,000 compared to SGD 21,000 last year. Purchase of property, plant and equipment was SGD 230,000 compared to SGD 152,000 last year. Net assets value per ordinary share based on issued share capital at the end of the financial period was 15.81 cents as on March 31, 2013. On company basis, net assets value per ordinary share based on issued share capital at the end of the financial period was 12.17 cents as on March 31, 2013.

Based on the current outlook and barring any unforeseen circumstances, the group expects second quarter of 2013 operating performance to be better than first quarter of 2013 with overall fiscal 2013 operating performance to maintain at last year's level.