Innotek Ltd. reported unaudited group earnings results for the first quarter ended March 31, 2012. For the quarter, the company's revenue from continuing operations was SGD 70,359,000 compared to SGD 83,006,000 a year ago. The lower revenue was mainly due to reduction of Assembly and Tooling turnover by SGD 13.8 million to SGD 12.9 million from SGD 26.7 million which was partially offset by increased Stamping turnover of SGD 1.2 million to SGD 57.5 million from SGD 56.3 million recorded in first quarter 2011. Loss before taxation and non-controlling interest from continuing operations was SGD 4,389,000 compared to profit before taxation and non-controlling interest from continuing operations of SGD 1,171,000 a year ago. Loss from continuing operation, net of tax was SGD 4,464,000 compared to profit from continuing operation, net of tax of SGD 490,000 a year ago. Loss, net of tax was SGD 4,409,000 compared to profit, net of tax of SGD 756,000 a year ago. The higher loss of SGD 4.6 million was mainly from MSF which reported loss of SGD 4.1 million in first quarter 2012 compared to a profit of SGD 0.8 million in first quarter 2011. Loss attributable to owners of the parent from continuing operations, net of tax was SGD 4,485,000 compared to profit attributable to owners of the parent from continuing operations, net of tax of SGD 84,000 a year ago. Loss attributable to owners of the company was SGD 4,433,000 compared to profit attributable to owners of the company of SGD 345,000 a year ago. Net cash used in operating activities was SGD 7,287,000 compared to SGD 5,992,000 a year ago. Acquisition of property, plant and equipment was SGD 5,850,000 compared to SGD 2,477,000 a year ago. Additions to intangible assets were SGD 12,000. Total group turnover was SGD 72.7 million compared to SGD 91.3 million a year ago. On a fully diluted basis loss per share from continuing operations was 1.99 cents compared to earnings per share of 0.04 cents a year ago. On a fully diluted basis loss per share was 1.97 cents compared to earnings per share of 0.15 cents a year ago. The directors expect second quarter 2012 revenue will improve over first quarter 2011 with the recovery from supply chain disruption caused by the flooding in Thailand and absence of major holidays in second quarter 2012.