Izostal Spolka Akcyjna reported earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported income from sale of products, goods and materials of PLN 128,285,000 compared to PLN 55,226,000 a year ago. Operating profit was PLN 6,729,000 compared to PLN 5,439,000 a year ago. Net profit on business activity was PLN 5,822,000 or PLN 0.18 per basic and diluted share compared to PLN 4,010,000 or PLN 0.12 per diluted share a year ago. Net cash flows used in operating activity was PLN 2,789,000 compared to net cash flows from operating activities of PLN 1,796,000 a year ago. Expenditure on the purchase of tangible fixed assets and intangible assets was PLN 10,775,000 compared to PLN 1,761,000 a year ago. Increase in revenues was observed mainly in the sale of coated pipes and in goods trading.