Stalprofil SA reported group and company earnings results for the year ended December 31, 2012. For the quarter, the group reported revenues from sale of products, goods and materials of PLN 243,124,000 against PLN 216,625,000 a year ago. Operating profit was PLN 5,273,000 against PLN 11,668,000 a year ago. Profit before taxation was PLN 4,533,000 against PLN 10,625,000 a year ago. Net operating profit was PLN 3,512,000 against PLN 8,612,000 a year ago. Net profit for the business year was PLN 3,512,000 against PLN 8,612,000 a year ago. Net profit for business year allocated to shareholders of the parent entity was PLN 1,296,000 against PLN 6,812,000 a year ago. Net operating cash flow was PLN 34,583,000 against PLN 42,953,000 a year ago. Expenditure on the purchase of tangible fixed assets and intangible assets was PLN 9,331,000 against PLN 20,824,000 a year ago.

For the year, the group reported revenues from sale of products, goods and materials of PLN 930,049,000 against PLN 795,254,000 a year ago. Operating profit was PLN 38,610,000 against PLN 59,684,000 a year ago. Profit before taxation was PLN 31,681,000 against PLN 55,592,000 a year ago. Net operating profit was PLN 25,326,000 against PLN 44,851,000 a year ago. Net profit for the business year was PLN 25,326,000 against PLN 44,851,000 a year ago. Net profit for business year allocated to shareholders of the parent entity was PLN 17,391,000 against PLN 37,101,000 a year ago. Basic profit per share based on financial result for the business year was PLN 0.99 against PLN 2.12 a year ago. Net operating cash flow was PLN 27,310,000 against PLN 47,480,000 a year ago. Expenditure on the purchase of tangible fixed assets and intangible assets was PLN 38,637,000 against PLN 47,837,000 a year ago.

For the quarter, the company reported revenues from sale of products, goods and materials of PLN 108,377,000 against PLN 130,015,000 a year ago. Operating loss was PLN 19,000 against operating profit of PLN 3,980,000 a year ago. Profit before taxation was PLN 40,000 against PLN 4,683,000 a year ago. Net operating profit was PLN 11,000 against PLN 3,928,000 a year ago. Net profit for the business year was PLN 11,000 against PLN 3,928,000 a year ago. Net operating cash flow was PLN 4,128,000 against PLN 22,590,000 a year ago. Expenditure on the purchase of tangible fixed assets and intangible assets was PLN 7,008,000 against PLN 1,079,000 a year ago.

For the year, the company reported revenues from sale of products, goods and materials of PLN 476,981,000 against PLN 540,148,000 a year ago. Operating profit was PLN 14,885,000 against PLN 31,403,000 a year ago. Profit before taxation was PLN 16,335,000 against PLN 29,903,000 a year ago. Net operating profit was PLN 13,781,000 against PLN 24,241,000 a year ago. Net profit for the business year was PLN 13,781,000 against PLN 24,241,000 a year ago. Basic profit per share based on financial result for the business year was PLN 0.79 against PLN 1.39 a year ago. Net operating cash flow was PLN 9,749,000 against PLN 28,415,000 a year ago. Expenditure on the purchase of tangible fixed assets and intangible assets was PLN 18,332,000 against PLN 2,896,000 a year ago.

The company impairment write-offs at the beginning of the period of PLN 1,605,000.