Teo Guan Lee Corp. Bhd announced unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2014. For the quarter, the company reported revenue of MYR 17,783,000 compared to MYR 20,321,000 a year ago, a decrease of 12.50%. Loss from the operation was MYR 168,000 compared to profit from the operation of MYR 176,000 a year ago. Loss before taxation was MYR 176,000 compared to profit before taxation of MYR 121,000 a year ago. Loss attributable to equity holders of the parent company was MYR 64,000 or MYR 0.16 per basic share compared to profit attributable to equity holders of the parent company of MYR 76,000 or MYR 0.19 per basic share a year ago. The drop in sales by MYR 2.54 million is mainly due to relatively soft retail market. Despite the drop in sales, gross margin increased by 4% from 35% to 39%.

For the nine months, the company reported revenue of MYR 80,422,000 compared to MYR 87,022,000 a year ago. Profit from the operation was MYR 10,971,000 compared to MYR 12,256,000 a year ago. Profit before taxation was MYR 10,868,000 compared to MYR 11,846,000 a year ago. Profit attributable to equity holders of the parent company was MYR 8,010,000 or MYR 19.66 per basic share compared to MYR 8,676,000 or MYR 21.29 per basic share a year ago. Net cash generated from operating activities was MYR 3,221,000 compared to MYR 17,367,000 a year ago. Purchase of property, plant and equipment was MYR 1,044,000 compared to MYR 1,179,000 a year ago.