Teo Guan Lee Corp. Bhd Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended June 30, 2012; Proposes Final Dividend for the Year Ended June 30, 2012
For the year, the company reported revenue of MYR 106,557,000 compared to MYR 109,312,000 a year ago. Profit from the operation was MYR 11,755,000 compared to MYR 12,836,000 a year ago. Profit before taxation was MYR 10,799,000 compared to MYR 12,013,000 a year ago. Profit attributable to equity holders of the parent was MYR 7,916,000 or 19.43 sen per basic share compared to MYR 8,788,000 or 21.79 sen per basic share a year ago. Net cash generated from operating activities was MYR 9,357,000 compared to net cash used in operating activities of MYR 3,046,000 a year ago. Purchase of property, plant and equipment was MYR 1,155,000 compared to MYR 673,000 a year ago. The decrease in revenue was due to the discontinuation of certain brands on an outright basis to hypermarkets.
The Board of Directors has recommended a final dividend of 10 sen less tax at 25% amounting MYR 3,055,665, subject to shareholders' approval for the current financial year ended June 30, 2012. The proposed dividend if approved will be paid on December 20, 2012 to depositors registered in the record of depositors at the close of business on December 5, 2012.