Golsta Synergy Bhd announced unaudited consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported revenue was MYR 7,750,000 against MYR 9,621,000 a year ago. The group's total revenue decreased 19% compared to the corresponding quarter of preceding year. The decrease was mainly due to 14% decrease in industrial machinery sales and 60% decrease in trading of waste materials. Profit from operations was MYR 671,000 against MYR 479,000 a year ago. Profit before tax was MYR 558,000 against MYR 330,000 a year ago. The better results was mainly attributed to higher profit margins in machinery and engineering sales; albeit recognition of unrealized foreign exchange losses amounting to MYR 0.4 million due to Ringgit Malaysia strengthened against American Dollar and Indonesian Rupiah. Profit attributable to owners of the parent was MYR 183,000 against MYR 104,000 a year ago. Basic earnings per share were 0.44 sen against 0.25 sen a year ago. Net cash flows used in operating activities was MYR 3,047,000 against net cash flows from operating activities of MYR 4,448,000 a year ago. Purchases of property, plant and equipment was MYR 55,000 against MYR 724,000 a year ago. The group will be expecting further positive growth in revenue and profits from its Indonesian subsidiary.