Teo Guan Lee Corp. Bhd reported unaudited consolidated earnings results for the first quarter ended September 30, 2014. For the quarter, the company reported revenue of MYR 33.196 million against MYR 39.226 million a year ago, a decrease of 15.37% or MYR 6.03 million. The decrease in sales of children apparels was mainly due to the stiff competition among
competitors and the relatively soft retail market. Profit from the operation was MYR 8.286 million against MYR 9.917 million a year ago. Profit before taxation was MYR 8.155 million, a decrease of 17.26% or MYR 1.7 million, as compared to profit before taxation of MYR 9.845 million a year ago. The decrease was mainly due to drop in sales by MYR 6.03 million, even though gross margin increase by 4% from 45% to 49%. Profit attributable to equity holders of the parent was MYR 6.044 million or 14.83 sen per basic share against MYR 7.306 million or 17.93 sen per basic share a year ago. Net cash used in operating activities was MYR 1.656 million against MYR 3.782 million a year ago. Purchase of property, plant and equipment was MYR 0.213 million against MYR 0.079 million a year ago.