Kinsteel Bhd reported consolidated earnings results for the third quarter and nine months ended March 31, 2017. For the quarter, the company reported revenue of MYR 59,483,000 against MYR 83,625,000 a year ago. Loss before taxation was MYR 15,585,000 against MYR 2,261,000 a year ago. Loss after taxation was MYR 15,179,000 against MYR 1,267,000 a year ago. Loss after taxation attributable to equity holders of the parent was MYR 11,587,000 against profit after taxation attributable to equity holders of the parent of MYR 2,650,000 a year ago. Basic LPS from continuing operation was 1.11 sen against basic EPS from continuing operation of 0.25 sen a year ago. The group posted an unfavorable result for the current quarter against preceding year corresponding quarter, mainly due to the decreasing demand in steel products during the quarter. For the nine months, the company reported revenue of MYR 184,727,000 against MYR 212,427,000 a year ago. Loss before taxation was MYR 41,807,000 against MYR 48,467,000 a year ago. Loss after taxation was MYR 40,755,000 against MYR 47,498,000 a year ago. Loss after taxation attributable to equity holders of the parent was MYR 31,317,000 against MYR 32,670,000 a year ago. Basic LPS from continuing operation was 3.01 sen against 3.14 sen a year ago. Net cash for operating activities was MYR 2,564,000 against MYR 23,061,000 a year ago. Purchase of property, plant and equipment was MYR 247,000 against MYR 859,000 a year ago. Net assets per share attributable to equity holders of the parent as at March 31, 2017 were 25.38 sen.