Nagamas International Berhad reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company reported revenue of MYR 2,264,000 against MYR 2,645,000 a year ago period. Profit before tax was MYR 300,000 against loss before tax of MYR 824,000 a year ago period. Net profit was MYR 300,000 against net loss of MYR 824,000 a year ago period. Net profit attributable to owners of the parent was MYR 300,000 or 0.59 sen per basic share against net loss attributable to owners of the parent of MYR 824,000 or 1.62 sen per basic share a year ago period. Net cash generated from operating activities was MYR 69,000 against net cash used in operating activities of MYR 115,000 a year ago period. Net assets per share attributable to ordinary equity holders of the parent were MYR 0.3004.

The Board of Directors of Nagamas International Berhad announced that the company intends to seek shareholders’ approval for the proposed amendments to the company's Articles of Association at the forthcoming Annual General Meeting.

Nagamas International Berhad announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, revenue was MYR 1,650,000, operating profit was MYR 74,000, loss before taxation was MYR 1,008,000 and net loss attributable to owners of the parent was MYR 1,008,000 or 1.98 sen per basic share against revenue of MYR 3,659,000, operating profit of MYR 110,000, loss before taxation of MYR 1,144,000 and net loss attributable to owners of the parent of MYR 1,086,000 or 2.13 sen per basic share for the same period a year ago. The higher losses were mainly due lower revenue in the company and higher expenses on bad debts written off in the quarter. The decrease in revenue as compared in preceding quarter was mainly due to lower revenue recorded in the air ticket services in the current quarter as compared with preceding year. For the full year, revenue was MYR 10,291,000, operating profit was MYR 2,389,000, loss before taxation was MYR 1,479,000 and net loss attributable to owners of the parent was MYR 1,479,000 or 2.91 sen per basic share against revenue of MYR 15,336,000, operating profit of MYR 1,570,000, loss before taxation of MYR 1,321,000 and net loss attributable to owners of the parent of MYR 1,263,000 or 2.48 sen per basic share for the same period a year ago. Net cash generated from operating activities was MYR 17,223,000 and purchase of property, plant & equipment was MYR 43,000 against net cash generated from operating activities of MYR 1,399,000 and purchase of property, plant & equipment of MYR 69,000 a year ago. The decrease in revenue was mainly due to the lower revenue recorded in the aviation business for the year.