Unisem (M) Berhad reported audited consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported revenue of MYR 256,611,000 compared to MYR 291,975,000 a year ago. Loss before taxation was 16,240,000 compared to profit before taxation of MYR 5,488,000 a year ago. Loss attributable to the equity holders of the company was MYR 13,529,000 or 2.01 sen per basic and diluted share compared to profit attributable to the equity holders of the company of MYR 5,086,000 or 0.75 sen per basic and diluted share a year ago. Net cash generated from operating activities was MYR 38,841,000 compared to net cash used in operating activities of MYR 43,615,000 a year ago. Additions to property, plant and equipment was MYR 25,230,000 compared to MYR 12,280,000 a year ago. The decline in the revenue and profit of the Group for the quarter ended 31 March 2012 was principally attributable to reduced sales volume, a one-time retrenchment costs of MYR 5.7 million arising from a efficiency/redundancy exercise at PT Unisem and higher depreciation charges. The increase in LBT arose mainly due to lower sales revenue and the retrenchment costs. The directors expect the revenue and earnings of the group in the second quarter to improve from that achieved in the first quarter and to continue to improve to the end of the financial year.