Advanced Packaging Technology M Bhd reported unaudited consolidated earnings results for the first quarter ended March 31, 2011. For the quarter, the company reported revenue of MYR 5,892,000, operating profit of MYR 960,000, profit before tax of MYR 1,027,000 and net profit of MYR 724,000 or 3.76 per basic share against revenue of MYR 6,074,000, operating profit of MYR 993,000, profit before tax of MYR 1,036,000 and net profit of MYR 760,000 or 3.91 per basic share for the same period a year ago. Profit after tax for the quarter was due to the higher tax expense arising from certain non allowable expenses recorded in the period. Total comprehensive income attributable to owners of the parent was MYR 724,000 against MYR 760,000 for the same period a year ago. Net cash from operating activities was MYR 1,206,000 against net cash used in operating activities of MYR 180,000 a year ago. The company announced volatile raw material cost and market competition are the key concerns of the company for the current year which may affect sales turnover and profitability. However, barring unforeseen circumstances, the board expects the group to achieve satisfactory results for the financial year ending December 31, 2012.