IPC Corp. Ltd. reported unaudited consolidated earnings results for the year ended December 31, 2012. For the period, the company reported profit before income tax of SGD 6,563,000 and profit attributable to equity holders of the company of SGD 4,770,000 or 0.66 cents per diluted share on sales of SGD 17,065,000 compared to profit before income tax of SGD 8,864,000 and profit attributable to equity holders of the company of SGD 3,648,000 or 0.61 cents per diluted share on sales of SGD 43,813,000 reported a year ago. Net cash used in operating activities was SGD 17,403,000 compared to net cash provided by operating activities was SGD 12,196,000 reported a year ago. Purchases of property, plant and equipment was SGD 10,210,000 compared to SGD 488,000 reported a year ago. Group sales decreased by 61.1% due to fewer completed units of condominium and Single Family Residential units in Japan and USA respectively available for sales in fiscal 2012.

The company has declared a first and final tax exempt one tier cash dividend of 0.25 cents per share for the financial year ended Dec. 31, 2012.