1 utopia bhd (UTB) Snapshot

1 Utopia Berhad, Annual General Meeting, May 27, 2013., at 08:00 Indian Standard Time. Location: Conference Room of the Company, 667 & 668 Mukim 13. Agenda: To receive the Audited Financial Statements for the financial year ended 30 November 2012 together with the Reports of the Directors and Auditors thereon; to re-elect Ng Kok Hok and Tan Ooi Jin, Directors who retire by rotation; to approve the increase in payment of Directors' Fees of not exceeding MYR 300,000.00 for the financial year ending 30 November 2013; to appoint Messrs. Hasnan THL Wong & Partners as auditors of the Company in place of the retiring auditors Messrs. BDO, to hold office until the conclusion of the next Annual General Meeting of the company and to authorise the Directors to fix their remuneration; to authorise under Section 132D of the Companies Act, 1965 for the directors to issue shares; to consider the proposed renewal of shareholders' mandate for recurrent related party transactions; to consider the proposed additional shareholders' mandate for recurrent related party transactions; and to transact any other business.

1 Utopia Berhad reported unaudited consolidated earnings results for the first quarter ended February 28, 2013. For the period, the company's revenue was MYR 112,928,000 against MYR 158,518,000 a year ago. The decrease was mainly due to lower revenue recorded for the sales of notebooks and smartphones. Loss from operations was MYR 1,037,000 against profit from operations of MYR 1,138,000 a year ago. Loss before taxation was MYR 1,637,000 against profit before taxation of MYR 546,000 a year ago. The loss was mainly due to lower revenue recorded for the sales of notebooks and smartphones and also expenses incurred for `Moola' and iMilik. Loss attributable to owners of the company was MYR 1,936,000 or 0.02 sen per basic share against MYR 350,000 or 0.05 sen per basic share a year ago. Net cash flows used in operating activities were MYR 8,829,000 against MYR 12,479,000 a year ago. Purchases of property, plant and equipment were amounted to MYR 193,000 against MYR 5,689,000 a year ago.

1 Utopia Berhad announced unaudited consolidated earnings results for the fourth quarter and full year ended November 30, 2012. For the quarter, the company reported revenue of MYR 132,382,000 against MYR 129,265,000 for the same period a year ago. The increase was mainly due to the contribution from PDA Expert Mobility Sdn Bhd which was only acquired in October 2011. Profit from operations was MYR 2,758,000 against MYR 1,932,000 for the same period a year ago. Profit before taxation was MYR 1,863,000 against MYR 1,058,000 for the same period a year ago. The higher profit was mainly due to the contribution of PDA Expert Mobility Sdn Bhd. Profit attributable to owners of the company was MYR 192,000 or 0.03 sen basic per share against loss attributable to owners of the company of MYR 412,000 or 0.06 sen basic per share for the same period a year ago. For the year, the company reported revenue of MYR 539,936,000 against MYR 456,135,000 for the same period a year ago. Profit from operations was MYR 7,027,000 against MYR 5,953,000 for the same period a year ago. Profit before taxation was MYR 4,305,000 against MYR 3,490,000 for the same period a year ago. Profit attributable to owners of the company was MYR 77,000 or 0.01 sen basic per share against MYR 45,000 or 0.07 sen basic per share for the same period a year ago. Net cash used in operating activities was MYR 12,464,000 against MYR 10,533,000 for the same period a year ago. Purchase of property, plant and equipment was MYR 5,943,000 against MYR 6,844,000 for the same period a year ago.