Paos Holdings Berhad announced unaudited consolidated earnings results for the first quarter ended August 31, 2013. For the quarter, the company reported revenue of MYR 56,465,000 compared to MYR 78,312,000 for the same period a year ago. Operating profit was MYR 2,571,000 compared to MYR 2,119,000 for the same period a year ago. Profit before taxation was MYR 2,567,000 compared to MYR 2,060,000 for the same period a year ago. Profit attributable to equity holders of the parent was MYR 1,837,000 compared to MYR 1,617,000 for the same period a year ago. Basic earning per ordinary share was 1.52 sen compared to 1.34 sen for the same period a year ago. Net assets per share attributable to ordinary equity holders of parent as at August 31, 2013 was MYR 0.84 compared to MYR 0.83 as at May 31, 2013. Net cash generated from operating activities was MYR 10,176,000 compared to MYR 7,278,000 for the same period a year ago. Purchase of plant and equipment was MYR 66,000 compared to MYR 103,000 for the same period a year ago. Revenue of the group was 27.90% lower than the preceding corresponding financial quarter mainly due to lower sales from the trading segment.

The Board of Directors believes that the performance of the group for the last nine months of fiscal 2014 will remain comparable to the previous year's performance despite the challenging business conditions.