Y&G Corporation Bhd announced consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported revenue of MYR 21,306,000 compared to MYR 91,110,000 a year ago. Profit from operations was MYR 3,891,000 compared to MYR 18,742,000 a year ago. Profit before tax was MYR 4,049,000 compared to MYR 19,168,000 a year ago. Profit for the period attributable to equity holders of the parent company was MYR 2,739,000 or 1.03 sen per diluted share compared to MYR 13,747,000 or 5.16 sen per diluted share a year ago. Net assets value per share attributable to ordinary equity holders of the parent was MYR 1.35. Net cash flows generated used in operating activities were MYR 10,987,000 compared to net cash flows from operating activities of MYR 27,438,000 a year ago. Acquisition of property, plant and equipment was MYR 267,000 compared to MYR 517,000 a year ago. The relatively lower turnover in the current financial quarter was primarily due to the unusual higher turnover in the preceding year's corresponding quarter (having better take-up rate, particularly, of its commercial units as well as higher development activities ahead of the new GST implementation effective on 1 April 2015 and the completion of its industrial development project recently. The profit after tax was lower which was mainly due to the relatively lower turnover in the current financial quarter as mentioned above.