Yi-Lai Bhd announced unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company announced revenue of MYR 34,028,000 compared to MYR 37,826,000 for the same period a year ago. Operating profit was MYR 1,612,000 compared to MYR 3,129,000 for the same period a year ago. Profit before tax was MYR 1,715,000 compared to MYR 3,272,000 for the same period a year ago. Profit attributable to owners of the company was MYR 1,321,000 compared to MYR 2,487,000 for the same period a year ago. Basic earnings per ordinary share were 0.83 sen compared to 1.56 sen for the same period a year ago. Net cash generated from operating activities was MYR 2,861,000 compared to MYR 7,141,000 for the same period a year ago. Acquisition of property, plant and equipment was MYR 1,124,000 compared to MYR 920,000 for the same period a year ago. Lower turnover was mainly due to lower sales volume. The decrease in consolidated profit before tax was mainly due to higher operating expenses.

The company provided earnings guidance for the full year of fiscal 2016. The company announced that barring any unforeseen circumstances, it aims to achieve better financial results in 2016, benefiting from the continuing development of affordable home by the Government which is expected to create a positive outlook for local housing and construction sector.