Samchem Holdings Bhd announced unaudited consolidated financial results for the first quarter ended March 31, 2014. For the quarter, the company reported revenue of MYR 153.688 million against MYR 125.220 million a year ago. Operating income was MYR 1.334 million against MYR 3.119 million a year ago. Operating profit was MYR 7.215 million against MYR 7.527 million a year ago. Profit before tax was MYR 5.261 million against MYR 5.844 million a year ago. Profit attributable to owners of the parent was MYR 3.333 million or 2.45 sen per basic share against MYR 3.983 million or 2.93 sen per basic share a year ago. Net cash used in operating activities was MYR 21.233 million against MYR 11.067 million a year ago. Purchase of property, plant and equipment was MYR 0.179 million against MYR 0.118 million a year ago. The increase in revenue was mainly due to higher revenue generated by the local subsidiaries as well as the foreign subsidiaries.

Barring any unforeseen circumstances, the Group and the Directors expect that the Group's performance will be positive for the remaining periods of the financial year ending 31 December 2014.