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  S$'000 % S$'000 %
Quarter ended Increase/
(Decrease)
Period ended Increase/
(Decrease)
31.03.2013 31.03.2012 31.03.2013 31.03.2012
Revenue

20,466

16,128
26.90
60,467
39,211
54.21
Cost of Sales (11,894) (10,585) 12.37 (34,260) (27,518) 24.50
Gross Profit 8,572 5,543 54.65 26,207 11,693 124.13
Other income, net(1) 9,337 568 1,543.84 9,630 1,120 759.82
Expenses -            
- Finance - (185) NM - (794) NM
- Sales and distribution (87) (10) 770.00 (347) (37) 837.84
- Administrative(2) (5,810) (2,974) 95.36 (19,445) (5,573) 248.91
Profit from operations 12,012 2,942 338.89 16,045 6,409 150.35
Share of loss of joint ventures (3) - NM (3) - NM
Share of loss of an associated company - (161) NM - (176) NM
Profit before income tax 12,009 2,781 331.82 16,042 6,233 157.37
Income tax (expense)(3)
(608) (496) 22.58 (1,781) (93) 1,815.05
Net Profit 11,401 2,285 398.95 14,261 6,140 132.26
Other comprehensive / income:
Currency translation differences arising from consolidation 1,591 (694) NM (604) 1,995 NM
Total comprehensive income for
the financial period
12,992 1,591 716.59 13,657 8,135 67.88
Net profit/(loss) attributable to:
Equity holders of the company 11,549 2,091 452.32 14,444 6,040 139.14
Non-controlling interests (148) 194 NM (183) 100 NM
  11,401 2,285 398.95 14,261 6,140 132.26
Total comprehensive income/(loss) attributable to:
Equity holders of the Company 13,138 1,395 841.79 13,840 8,036 72.22
Non-controlling interests (146) 196 NM (183) 99 NM
  12,992 1,591 716.59 13,657 8,135 67.88

(1) Included in other income for the financial year and quarter ended 31 March 2013 was S$9.05 million of negative goodwill, or bargain purchase, arising from consolidation of the Group's wholly-owned subsidiary, Xunxiang (Dalian) Enterprise Co Ltd ("Xun Xiang"). The negative goodwill is a result of the excess of the fair value of the net identifiable assets in Xun Xiang over the consideration transferred.

(2) At the Extraordinary General Meeting ("EGM") on 25 May 2012, the Group received approval from shareholders to implement Yoma Strategic Holdings Employee Share Option Scheme 2012 ("YSH ESOS 2012"). At the same meeting, shareholders also voted for the allotment and issuance of 14.5 million new ordinary shares to the CEO, Mr Andrew Rickards, as part of his service agreement. Fair value of these shares of S$5.44 million was recognised under Administrative expenses as 'Share based payment to CEO'.

As at 31 March 2013, options comprising 18.5 million ordinary shares were granted to senior employees and Directors of the Group under YSH ESOS 2012 to recognise their contribution to the success and development of the Group, which resulted in a S$5.51 million non-cash, fair valuation charge to be amortised over the two year vesting period of the options. Fair values of these options of S$0.55 million for the current quarter and S$1.47 million for the current financial year were recognized under Administrative operating expenses as 'Employee share option expense'

(3) Included in income tax expense for the financial year ended 31 March 2013 was S$202,000 (2012: S$470,000) being write-back of over-provision of current income tax in respect of prior financial years.