Teo Guan Lee Corp. Bhd recommended a final single tier dividend of 7.5 sen amounting MYR 3,055,665, subject to shareholders approval for the current financial year ended June 30, 2015. The proposed dividend if approved will be paid on December 16, 2015 to depositors registered in the record of depositors at the close of business on December 3, 2015.

The company reported unaudited consolidated earnings results for the fourth quarter and full year ended June 30, 2015. For the quarter, the company reported revenue of MYR 27,796,000 compared to MYR 24,521,000 a year ago. Loss from operations was MYR 347,000 compared to profit from operations of MYR 27,000 a year ago. Loss before tax was MYR 367,000 compared to loss before tax of MYR 54,000 a year ago. Loss attributable to equity holders of the parent was MYR 384,000 or 0.94 sen basic per share compared to MYR 212,000 or 0.52 sen basic per share a year ago. The improvement in revenue is due to aggressive mid-year sales promotional activities and early buying from customer for Hari Raya Festival. The increase in loss before tax was mainly due to increase in operation costs.

For the year, the company reported revenue of MYR 101,671,000 compared to MYR 104,943,000 a year ago. Profit from operations was MYR 6,570,000 compared to MYR 10,998,000 a year ago. Profit before tax was MYR 6,350,000 compared to MYR 10,814,000 a year ago, mainly due drop in sales and increased in operating expenses. Profit attributable to equity holders of the parent was MYR 4,560,000 or 11.19 sen basic per share compared to MYR 7,798,000 or 19.14 sen basic per share a year ago. Net cash from operating activities was MYR 5,374,000 compared to net cash used in operating activities of MYR 2,407,000 a year ago. Purchase of property, plant and equipment was MYR 1,398,000 compared to MYR 1,390,000 a year ago. The drop in sales was mainly due to the soft retail market and stiff competition among competitors.