Major Team Holdings Bhd announced consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported revenues of MYR 1,478,000 compared with MYR 1,591,000 for the same period a year ago. Loss before tax was MYR 1,175,000 compared with MYR 2,655,000 for the same period a year ago. Loss attributable to equity holders of the company was MYR 1,175,000 or 1.188 sen per basic and diluted share compared with MYR 2,655,000 or 2.685 sen per basic and diluted share for the same period a year ago. For the full year, the company reported revenues of MYR 6,077,000 compared with MYR 9,849,000 for the same period a year ago. Loss before tax was MYR 7,199,000 compared with MYR 3,997,000 for the same period a year ago. Loss attributable to equity holders of the company was MYR 7,199,000 or 7.281 sen per basic and diluted share compared with MYR 3,997,000 or 4.042 sen per basic and diluted share for the same period a year ago. Net cash from operating activities was MYR 595,000 compared with MYR 622,000 for the same period a year ago. Purchase of property, plant and equipments was MYR 138,000 compared with MYR 40,000 for the same period a year ago.

Major Team Holdings Bhd 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 1,945,000 against MYR 1,396,000 a year ago. Loss before taxation was MYR 2,023,000 against MYR 978,000 a year ago. Loss for the financial year attributable to equity holders of the company was MYR 2,023,000 or 2.046 sen basic and diluted per share against MYR 978,000 or 0.989 sen basic and diluted per share a year ago. Group revenue was higher by 39% compared to the corresponding quarter last year mainly due to improvement in retail sales and revenue from projects. The group incurred a loss before taxation as compared to the corresponding quarter last year mainly due to higher operational cost incurred. For the nine months, the company reported revenue of MYR 4,599,000 against MYR 8,258,000 a year ago. Loss before taxation was MYR 6,023,000 against MYR 1,342,000 a year ago. Loss for the financial year attributable to equity holders of the company was MYR 6,023,000 or 6.091 sen basic and diluted per share against MYR 1,342,000 or 1.357 sen basic and diluted per share a year ago. Net cash from operating activities was MYR 405,000 against net cash used in operating activities of MYR 127,000 a year ago. Purchase of property, plant and equipment was MYR 97,000 against MYR 40,000 a year ago. Net assets per share attributable to ordinary equity holders of the parent was MYR 0.3132.

Major Team Holdings Bhd announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported revenue of MYR 1.271 million against MYR 5.493 million a year ago. Loss before tax was MYR 2.150 million against profit before taxation of MYR 1.595 million a year ago. Loss attributable to ordinary equity was MYR 2.150 million or 2.174 sen per diluted share against profit attributable to ordinary equity of MYR 1.595 million or 1.613 sen per diluted share a year ago. For the six months, the company reported revenue of MYR 2.654 million against MYR 6.862 million a year ago. Loss before tax was MYR 4.00 million against MYR 0.364 million a year ago. Loss attributable to ordinary equity was MYR 4 million or 4.045 sen per diluted share against MYR 0.364 million or 0.368 sen per diluted share a year ago. Net cash used in operating activities was MYR 0.004 million against net cash from operating activities of MYR 0.430 million a year ago. Purchase of property, plant and equipment was MYR 0.097 million against nil a year ago. The group had a loss due to lower revenue and lower profit margin.