Hock Lian Seng Holdings Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of SGD 28,390,000 compared to SGD 22,118,000 a year ago. Profit before taxation was SGD 4,182,000 compared to SGD 5,371,000 a year ago. Profit after taxation was SGD 3,272,000 compared to SGD 4,543,000 a year ago. Profit for the period attributable to the owners of the company was SGD 3,272,000 compared to SGD 4,543,000 a year ago. Net cash flows generated from operating activities were SGD 25,887,000 compared to net cash flows used in operating activities of SGD 60,364,000 a year ago. Purchases of property, plant and equipment was SGD 237,000 compared to SGD 96,000 a year ago. Basic and diluted earnings per share were 0.64 cents compared to 0.89 cents a year ago. NAV per ordinary share as on March 31, 2013 was 25.6 cents against 24.9 cents as on March 31, 2012. Profit before taxation decreased by SGD 1.2 million to SGD 3.3 million, resulting mainly from the recognition of the selling cost of the development properties, lower gain in the fair value of the investment securities and properties, and lower gain on disposal of plant and properties.

Hock Lian Seng Holdings Limited announced the cessation of Lau Teik Soon as Non-Executive Independent Director, Chairman of Nominating Committee, Member of Audit and Risk Management Committee and Remuneration Committee.

Hock Lian Seng Holdings Limited approved the retirement of Mr. Chua Aik Khoon as director and relinquish his position as non-executive director at the annual general meeting held on April 25, 2013.