Serial System Ltd. appointed Goi Kok Neng as Non-executive Director of the Company, effective April 27, 2013. Currently he is working as Deputy Director of Trigiant Group Ltd.

Serial System Ltd. reported unaudited earnings results for the first quarter ended March 31, 2013. For the period, the company’s sales were $171,573,000 against $144,153,000 a year ago. Profit before income tax was $2,141,000 against $1,845,000 a year ago. Profit attributable to equity holders of the company was $1,608,000 against $1,458,000 a year ago. Net cash provided by operating activities was $6,640,000 against $16,908,000 a year ago. Payments for intangible assets (computer software license costs) were $54,000 against $4,000 a year ago. Payments for property, plant and equipment was $763,000 against $101,000 a year ago. Diluted EPS was 0.18 cent against 0.16 cent a year ago. The increase in profit was mainly due to higher sales and gross profit. EBITDA was $4.3 million against $4.0 million a year ago.

Serial System Ltd. reported unaudited consolidated cash flow results for the year ended December 31, 2012. For the year, the company reported net cash provided by operating activities of $46,104,000, payments for property, plant and equipment of $15,060,000, payments for intangible assets (computer software license costs) of $9,000 and payments for intangible assets (distribution rights) of $253,000.