Teo Guan Lee Corp. Bhd announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company's revenue was MYR 23,413,000 against MYR 24,119,000 for the same period a year ago. Profit from the operation was MYR 1,222,000 against MYR 1,327,000 for the same period a year ago. Profit before taxation was MYR 1,199,000 against MYR 1,189,000 for the same period a year ago. Profit attributable to equity holders of the parent was MYR 768,000 against MYR 815,000 for the same period a year ago. Basic earnings per share were 1.89 sen against 2.00 sen for the same period a year ago. The drop in sales is mainly due to relatively soft retail market.

For the year, the company's revenue was MYR 62,639,000 against MYR 66,701,000 for the same period a year ago. Profit from the operation was MYR 11,139,000 against MYR 12,080,000 for the same period a year ago. Profit before taxation was MYR 11,044,000 against MYR 11,725,000 for the same period a year ago. Profit attributable to equity holders of the parent was MYR 8,074,000 against MYR 8,600,000 for the same period a year ago. Basic earnings per share were 19.82 sen against 21.11 sen for the same period a year ago. Net cash generated from operating activities was MYR 4,060,000 against MYR 10,781,000 for the same period a year ago. Purchase of property, plant and equipment was MYR 589,000 against MYR 576,000 for the same period a year ago. The decrease in profit before taxation was mainly due to drop in sales coupled with the increase in staff cost despite savings in finance cost due to retirement of borrowings and lesser usage of trade facilities.