Teo Guan Lee Corp. Bhd announced unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported revenue of MYR 20.321 million compared to MYR 17.922 million a year ago. Profit from the operation was MYR 0.176 million compared to loss from the operation of MYR 0.272 million a year ago. Profit before taxation was MYR 0.121 million compared to loss before taxation of MYR 0.462 million a year ago. Profit attributable to equity holders of the parent company was MYR 0.076 million or MYR 0.19 per basic share compared to loss attributable to equity holders of the parent company of MYR 0.356 million or MYR 0.87 per basic share a year ago. The higher profit before taxation recorded was mainly due to improvement in sales couple with savings in finance cost due to retirement of borrowings and lesser usage of trade facilities, and also profit contributed from disposal of property, plant and equipment and investment property. Improvement in sales is due to the Chinese New Year festivities which was in February which generated better sales in addition to aggressive sales promotional activities.

For the nine months, the company reported revenue of MYR 87.022 million compared to MYR 85.444 million a year ago. Profit from the operation was MYR 12.256 million compared to MYR 12.008 million a year ago. Profit before taxation was MYR 11.846 million compared to MYR 11.220 million a year ago. Profit attributable to equity holders of the parent company was MYR 8.676 million or MYR 21.29 per basic share compared to MYR 8.208 million or MYR 20.15 per basic share a year ago. Net cash generated from operating activities was MYR 17.367 million compared to MYR 10.660 million a year ago. Purchase of property, plant and equipment was MYR 1.179 million compared to MYR 0.762 million a year ago.