Lafe Corporation Limited announced unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, revenue was $3,413,000 against $3,456,000 for the same period a year ago, the decrease in revenue by 1% was attributable to the decrease in service income contributed by the Vigers group. Loss before taxation was $3,503,000 against profit before taxation of $26,911,000 for the same period a year ago. Net loss for the period was $3,511,000 or $0.30 diluted per share against net profit for the period of $26,903,000 or $2.31 diluted per share for the same period a year ago. Net cash generated from operating activities was $3,553,000 against $3,690,000 for the same period a year ago. The net cash movement in was mainly attributable to the borrowing from a related company and the cash movement on trade receivables, both as mentioned in the statement of financial position above. Acquisition of plant and equipment was $15,000 against $173,000 for the same period a year ago.

Lafe Corporation Limited announced that Encik Mirzan Bin Mahathir, who did not seek re-election at the Annual General Meeting of the company held on 26 April 2013, has retired as a director of the company.

Lafe Corporation Ltd., Annual General Meeting, Apr 26, 2013., at 15:00 Singapore Standard Time. Location: DUNEARN 2, LEVEL 1. Agenda: To receive and adopt the directors' report and financial statements for the year ended December 31, 2012 and the auditors' report thereon; to consider re-election of Directors; to approve the directors' fees of SGD 232,443.75 for the year ended December 31, 2012 (2011: SGD 173,250); to approve re-appointment of Messrs Baker Tilly TFW LLP as Auditors of the company for the ensuing year and to authorize the Directors to fix their remuneration; and to consider authority to issue shares.