IFCA MSC Berhad reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of MYR 9,783,022 against MYR 10,949,925 a year ago. Loss from operations was MYR 786,698 against profit from operations of MYR 1,351,108 a year ago. Loss before tax from continuing operations was MYR 795,917 against profit before tax from continuing operations of MYR 1,336,871 a year ago. Total comprehensive expenses attributable to equity holders of the company was MYR 506,373 or 0.09 sen per diluted share against total comprehensive income attributable to equity holders of the company of MYR 991,786 or 0.18 sen per diluted share a year ago. Net cash used in operating activities was MYR 3,956,386 against net cash generated from operating activities of MYR 8,644,281 a year ago. Purchase of property, plant and equipment was MYR 150,413 against MYR 1,764,400 a year ago. The decline in revenue was solely on the Malaysian market, as customers are delaying their capital expenditure in the months leading to the General Election held recently. This had indirectly affected the revenue in the quarter under review.

New business units and new product in the pipeline is expected to boost the revenue for the group towards the second half of financial year 2013.