CSC Steel Holdings Bhd announced unaudited earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported revenue was MYR 242,193,000 against MYR 308,400,000 a year ago. Profit before tax was MYR 7,751,000 against MYR 31,900,000 a year ago. Profit for the period was MYR 5,553,000 against MYR 24,027,000 a year ago. Profit attributable to equity holders of the parent was MYR 5,553,000 against MYR 24,027,000 a year ago. Basic and diluted earnings per share was 1.49 sen against 6.44 sen a year ago. Net assets per share attributable to ordinary equity holders of the parent was MYR 2.0800. The decrease in revenue and profit before tax is due to the significant decrease in sale volume of all the steel products albeit at marginally higher average selling price. Barring any unforeseen circumstances, the Group is cautiously optimistic on the performance of the Group in 2012.