Milux Corporation Berhad reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company's revenue was MYR 16,484,000 against MYR 18,041,000 a year ago. The reduction in revenue was due to lower export sales. Loss from operations was MYR 294,000 against profit of MYR 145,000 a year ago. Loss before tax was MYR 344,000 against profit of MYR 90,000 a year ago. Loss for the period was MYR 495,000 against MYR 339,000 a year ago. Loss attributable to owners of the parent was MYR 495,000 against MYR 339,000 a year ago. Basic loss per share attributable to owners of the parent was 0.91 sen against 0.62 sen a year ago. Net cash used in operating activities was MYR 481,000 against net cash from operating activities of MYR 2,676,000 a year ago. Purchase of property, plant and equipment was MYR 579,000 against MYR 98,000 a year ago.

Barring any unforeseen circumstances, the Group is still confident of achieving better performances over the remainder quarters of financial year 2016.