Metech International profit guidance points to 3Q growth

Reorganisation efforts bearing fruit.

In a disclosure to the SIngapore Exchange, the Board of Directors (the “Board”) of Metech International Limited (the “Group”) informed shareholders of the Group and potential investors that after the preliminary review of the Group’s unaudited financial statements for the quarter ended 31 March 2013 (“3Q FY2013”), the Group will be reporting quarter-overquarter and year-over-year profit growth. For the first three quarters in FY2013, the Group has realised a cumulative profit as oppose to a loss for the same period in FY2012.

The attainment of profits for two consecutive quarters validates the Group’s reorganisation initiatives that started 9 months ago. These have yield positive outcomes, thus contributing to stronger financial performances. The pending
announcement of 3Q FY2013 unaudited financial results will testify to the continued strengths in the Group’s competency and operational readiness.

The Board’s Audit Committee (the “AC”) will be reviewing 3Q FY2013 unaudited financial statement in May 2013. The AC will follow on with recommendations to the Board, when it also meets in May 2013 to consider and approve the AC’s recommendations. Further details of the Group’s financial performance will be disclosed when the Board releases the 3Q FY2013 unaudited financial result.