ManagePay Systems Berhad announced the resignation of Tang Ai Fen as Chief Financial Officer due to personal career objectives. The date of change on May 21, 2013.

ManagePay Systems Berhad announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported revenue was MYR 1.77 million against MYR 2.18 million a year ago. The decrease in the group's revenue for the current financial quarter under review was due to the decrease in revenue derived from the non-payment segment. Operating profit was MYR 0.040 million against loss of MYR 0.508 million a year ago. Profit before taxation was MYR 0.037 million against loss of MYR 0.519 million a year ago. Loss attributable to equity holders of the company was MYR 0.175 million against MYR 0.322 million a year ago. Diluted loss per share was 0.07 sen against 0.22 sen a year ago. For the full year, the company reported revenue was MYR 7.2 million against MYR 9.49 million a year ago. Operating profit was MYR 0.513 million against loss of MYR 1.46 million a year ago. Profit before taxation was MYR 0.485 million against loss of MYR 1.46 million a year ago. Profit attributable to equity holders of the company was MYR 0.122 million against loss of MYR 1.39 million a year ago. Diluted earnings per share were 0.05 sen against loss of 0.97 sen a year ago. Net cash flow used in operating activities was MYR 5.3 million against profit of MYR 1.94 million a year ago. Purchase of property, plant and equipment was MYR 0.571 million against MYR 1.62 million a year ago.

ManagePay Systems Berhad announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported revenue of MYR 1,620,000 compared to MYR 2,480,000 a year ago. Operating profit was MYR 239,000 compared to operating loss of MYR 652,000 a year ago. Profit before taxation was MYR 234,000 compared to loss before taxation of MYR 669,000 a year ago. This was due to, amongst others, the decrease in administrative and general expenses and the decrease in direct costs. Profit attributable to the equity holders of the company was MYR 104,000 or 0.05 sen per basic and diluted share compared to MYR 780,000 or 0.46 sen per basic and diluted share a year ago. The decrease of the Group's revenue for the current financial quarter under review was mainly due to the decrease in revenue derived from the non payment segment that means there were no sales for electronic gadgets recorded for the current financial quarter under review. For the nine months, the company reported revenue of MYR 4,814,000 compared to MYR 7,253,000 a year ago. Operating profit was MYR 473,000 compared to operating loss of MYR 919,000 a year ago. Profit before taxation was MYR 448,000 compared to loss before taxation of MYR 934,000 a year ago. Profit attributable to the equity holders of the company was MYR 297,000 or 0.14 sen per basic and diluted share compared to MYR 1,074,000 or 0.63 sen per basic and diluted share a year ago. Net cash flow used in operating activities was MYR 3,514,000 compared to net cash generated from operating activities of MYR 847,000 a year ago. Purchase of property, plant and equipment was MYR 60,000 compared to MYR 230,000 a year ago. The Board of Directors remains optimistic that the Group will be profitable for the current financial year.