Crescent Steel and Allied Products Limited announced unconsolidated and consolidated earnings results for the first quarter ended September 30, 2018. For the quarter, on unconsolidated basis, the company reported sales of PKR 1,851,311,000 compared to PKR 3,862,970,000 a year ago. Operating profit before finance costs was PKR 66,287,000 compared to PKR 605,180,000 a year ago. Profit for the year was PKR 4,220,000 compared to PKR 422,172,000 a year ago. Basic and diluted earnings per share was PKR 0.05 compared to PKR 5.44 a year ago. For the quarter, on consolidated basis, the company reported sales of PKR 3,034,513,000 compared to PKR 4,776,594,000 a year ago. Operating loss before finance costs was PKR 88,328,000 compared to profit of PKR 226,181,000 a year ago. Loss after taxation was PKR 64,621,000 compared to profit of PKR 89,585,000 a year ago. Basic and diluted loss per share was PKR 0.83 compared to earnings of PKR 1.15 a year ago.