Lindeteves-Jacoberg Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the group reported revenue of SGD 12,455,000 against SGD 13,219,000 a year ago. The decrease was attributed by BC UK and BC Asia Pacific, while sales in the US saw improvement. Profit before income tax was SGD 1,178,000 against SGD 1,840,000 a year ago. Profit for the year, representing profit attributable to owners of the company was SGD 1,151,000 or 0.16 cents per basic and diluted share against SGD 1,779,000 or 0.25 cents per basic and diluted share a year ago. Net cash generated from operating activities was SGD 1,007,000 against SGD 882,000 a year ago. Acquisitions of property, plant and equipment were SGD 3,000 against SGD 24,000 a year ago.

The Board of Directors of Lindeteves-Jacoberg Limited announced the appointment of Dr. Knut Unger as the Lead Independent Director of the company with effect from 26 April 2013. Following the above appointment, the composition of the Remuneration Committee, Nominating Committee and Audit Committee remain unchanged, and that Dr. Knut Unger will continue to act as a member of Remuneration Committee, Nominating Committee and Audit Committee.

Lindeteves-Jacoberg Ltd. filed its Annual on Apr 11, 2013 for the period ending Dec 31, 2012. In this report its auditor, KPMG LLP, gave a qualified opinion expressing doubt that the company can continue as a going concern.