New Toyo International Holdings Ltd. announced unaudited consolidated financial results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue from continuing operations of SGD 68,015,000 against SGD 72,526,000 a year ago. Operating profit was SGD 6,538,000 against SGD 5,650,000 a year ago. Profit before taxation was SGD 6,502,000 against SGD 4,831,000 a year ago. Profit from continuing operations was SGD 5,413,000 against SGD 4,111,000 a year ago. Profit attributable to the equity holders of the company was SGD 3,793,000 or 0.86 cents per basic and diluted share against SGD 2,500,000 or 0.57 cents per basic and diluted share a year ago. Cash flows used in operating activities were SGD 5,333,000 against cash flows from operating activities of SGD 7,016,000 a year ago. Purchase of property, plant and equipment were SGD 713,000 against SGD 597,000 a year ago. For the quarter, the company reported inventory written-off of SGD 7,000 against SGD 8,000 for the same period in the last year.

New Toyo International Holdings Ltd. appointed Ronnie Teo Heng Hock as a Non-Executive and Independent Director of the company with effect from 14 May 2013.

New Toyo International Holdings Ltd. appointed Ronnie Teo Heng Hock as a non-executive and independent director of the company and as chairman of the audit committee and a member of the remuneration and nominating committees. Mr. Ronnie Teo is currently the managing director of Financial Reengineering Pte Ltd. Mr. Ronnie Teo was previously the managing director of DBS Asset Management Ltd. and the general manager of DBS Finance Limited.