Teo Guan Lee Corp. Bhd reported consolidated unaudited earnings results for the first quarter ended September 30, 2012. For the quarter, the company reported profit from the operation was MYR 10.753 million against MYR 11.334 million a year ago. Profit attributable to equity holders of the parent was MYR 7.785 million or 19.11 sen basic per share against MYR 8.152 million or 20.01 sen basic per share a year ago. Net cash used in operating activities was MYR 4.839 million against MYR 3.780 million a year ago. Purchase of property, plant and equipment was MYR 0.099 million against MYR 0.200 million a year ago. Revenue for the current quarter under review was MYR 42.58 million as compared to MYR 43.27 million recorded in the same quarter in previous year, a decrease of 1.59% or MYR 0.69 million. The decrease in sales was due to the discontinuation of Transformers 3 in the current period. Although there was active promotional of sales activities during this period, the retail market remained soft. For the current quarter under review, the Group recorded a profit before tax of MYR 10.54 million, a decreased of 4.44% or MYR 0.49 million as compared to profit before taxation of MYR 11.03 million in the previous year corresponding quarter. The decrease is mainly due to increase in staff cost. For the first quarter ended September 30, 2012, profit before taxation of the Group was MYR 10.54 million, compared with loss before taxation of MYR 0.42 million recorded in preceding quarter ended 30 June 2012. The higher revenue achieved in current quarter under review was mainly due to higher sales recorded during nationwide mega sales and Hari Raya festive season.

The company declared a final dividend of 10 sen per share less 25% tax for the financial year ended 30 June 2012 payable on December 20, 2012.