Seal Inc. Bhd announced consolidated unaudited earnings results for the third quarter and nine months ended March 31, 2016. For the quarter, the company reported revenues of MYR 12,875,000 compared with MYR 8,633,000 for the same period a year ago. Profit before tax was MYR 960,000 compared with MYR 1,139,000 for the same period a year ago. Loss attributable to owners of the parent was MYR 25,000 or 0.01 sen per basic share compared with MYR 191,000 or 0.09 sen per basic share for the same period a year ago. The increase in revenue was mainly contributed from property construction and marketing services from a development project known as "Queensville", located at Cheras, Kuala Lumpur.

For the nine months, the company reported revenues of MYR 60,054,000 compared with MYR 20,770,000 for the same period a year ago. Profit before tax was MYR 6,741,000 compared with MYR 2,881,000 for the same period a year ago. Profit attributable to owners of the parent was MYR 3,973,000 or 1.84 sen per basic share compared with MYR 1,057,000 or 0.49 sen per basic share for the same period a year ago. Net cash used in operating activities was MYR 33,450,000 compared with MYR 64,036,000 for the same period a year ago. Purchase of property, plant and equipment was MYR 88,000 compared with MYR 478,000 for the same period a year ago.

The company provided earnings guidance for the full year of fiscal 2016. The Group expects a steady stream of income from its investment properties, property management, property construction and development segment in current financial year. Barring any unforeseen circumstances, the Group is confident it will continue to deliver satisfactory results in current financial year.