Khong Guan Flour Milling Limited has appointed Yeo Chor Gek as Independent Director. The effective date is March 15, 2013.

Khong Guan Flour Milling Limited announced unaudited consolidated earnings results for the year ended December 31, 2012. For the year, revenue was SGD 33,778,000 against SGD 29,861,000 for the same period a year ago. Profit before taxation was SGD 13,896,000 against SGD 1,116,000 for the same period a year ago. Profit for the period attributable to equity holders of the company was SGD 13,360,000 or 5.176 cents per basic and diluted against SGD 532,000 or 2.06 cents per basic and diluted share for the same period a year ago. Net cash generated from operating activities was SGD 1,166,000 against net cash used in operating activities of SGD 542,000 for the same period a year ago. Purchase of property, plant and equipment was SGD 230,000 against SGD 425,000 for the same period a year ago. The company expects to improve its operating results for the second half year of 2013.

Khong Guan Flour Milling Ltd. reported unaudited group and company earnings results for the year ended July 31, 2012. For the year, on group basis, the company’s revenue was SGD 78,386,000 compared to SGD 57,084,000 a year ago. Profit before taxation was SGD 3,790,000 compared to SGD 5,867,000 a year ago. Profit attributable to equity holders of the company was SGD 2,367,000 compared to SGD 4,574,000 a year ago. Diluted earnings per share were 9.17 cents compared to 17.72 cents a year ago. Net cash generated from operating activities was SGD 741,000 compared to SGD 715,000 a year ago. Purchase of property, plant and equipment was SGD 611,000 compared to SGD 80,000 a year ago. For the year, on company basis, the company’s profit attributable to equity holders of the company was SGD 6,518,000. The company proposed first and final tax exempt one-tier cash dividend of SGD 0.03 per ordinary share and also proposed special tax exempt one-tier cash dividend of SGD 0.01 per ordinary share. The proposed dividends, if approved at the Annual General Meeting to be held on 27 November 2012, will be paid on 17 December 2012.