Boardroom Ltd. reported unaudited consolidated financial results for the third quarter and nine months ended Mar. 31, 2013. For the quarter, the company reported total revenue of SGD 13,691,000 against SGD 13,945,000 for the same period of last year. Profit before tax was SGD 1,199,000 against SGD 1,291,000 for the same period of last year. Profit after tax attributable to owners of the parent was SGD 1,107,000 against SGD 1,358,000 for the same period of last year. Net cash generated from operating activities was SGD 3,887,000 against SGD 4,002,000 for the same period of last year. Acquisition of property, plant and equipment was SGD 125,000 against SGD 143,000 for the same period of last year. Acquisition of computer software was SGD 23,000 against SGD 12,000 for the same period of last year. On a fully diluted basis 2.83 cents 2.54 cents for the same period of last year. For the nine months, the company reported total revenue of SGD 44,264,000 against SGD 42,634,000 for the same period of last year. Profit before tax was SGD 6,390,000 against SGD 5,714,000 for the same period of last year. Profit after tax attributable to owners of the parent was SGD 5,210,000 against SGD 4,676,000 for the same period of last year. Net cash generated from operating activities was SGD 6,504,000 against SGD 6,215,000 for the same period of last year. Acquisition of property, plant and equipment was SGD 435,000 against SGD 390,000 for the same period of last year. Acquisition of computer software was SGD 45,000 against SGD 78,000 for the same period of last year. The decrease in net profit before tax resulted largely from the lower revenue higher staff cost and operating expenses. This is mitigated by the absence of an impairment loss in third quarter of 2012, to partially write-down carrying amount of goodwill arising from the Group's investment in China. The higher costs due mainly to an increase in labour cost as it had strengthened Client Service Teams, and to an increase in the Provision for Doubtful Debts. Despite an improvement in business sentiment, the Group still expects the uncertainties in global economic conditions, increasing staff and operating costs, and continued volatility in foreign currencies will continue to cloud the market outlook. Nevertheless, the Group expects fiscal 2013 to be satisfactory. The business will take advantage of the expanded regional footprint and service offerings to leverage that strengths across the various countries in which it operate and better collaboration with the partners. In addition, the Group continues to implement cost saving measures to mitigate the rising costs and to sharpen the competencies to navigate through this uncertain environment.

Boardroom Ltd. announced that the nominating committee has recommended the appointment of Mr. Cheng Soon Keong as the Chief Financial Officer of the company and the Board of Directors has approved his appointment based on his qualifications and work experience.

Boardroom Ltd. announced the retirement of Tan Cher Liang, Managing Director and Finance Director with effective from March 31, 2013. Mr. Tan Cher Liang would continue to be an Advisor to the Group and a Non-Independent Non-Executive Director of the Company.