Homeritz Corporation Berhad announced unaudited consolidated earnings results for the first quarter ended November 30, 2013. For the quarter, the company reported revenues of MYR 35,687,000 compared with MYR 25,028,000 for the same period a year ago. Profit before tax was MYR 7,863,000 compared with MYR 3,657,000 for the same period a year ago. Profit for the year attributable to owners of the company was MYR 5,792,000 or 2.90 sen per basic share compared with MYR 2,827,000 or 1.41 sen per basic share for the same period a year ago. Net cash from operating activities was MYR 9,692,000 compared with Net cash used in operating activities of MYR 493,000 for the same period a year ago. Purchase of property, plant and equipment was MYR 670,000 compared with MYR 681,000 for the same period a year ago. The improvement in revenue was attributed to an increase in volume of product sold and strengthening of USD.

The Group is continuing with the effort to develop new products, new design for existing products, derive better cost efficiencies and effective cost management across all functions. Barring unforeseen circumstances, the Board believes that the Group's prospects for the financial year ending 31 August 2014 would remain profitable.