Triyards Holdings Limited announced unaudited consolidated earnings results for the first quarter ended November 30, 2012. For the quarter, the company reported revenue of $53,306,000 compared to $50,820,000 a year ago. Profit from operations was $8,030,000 compared to $11,491,000 a year ago.

Profit before tax was $7,287,000 compared to $10,751,000 a year ago. Profit attributable to the parent company was $6,467,000 compared to $11,700,000 a year ago. Net cash from operating activities was $2,122,000 compared to net cash used in operating activities of $16,539,000 a year ago.

Purchase of fixed assets was $5,256,000 compared to $4,659,000 a year ago. The results were driven mainly by revenue recognized from the construction of three offshore support vessels that were in their final stages of completion in first quarter of 2013, as well as one self-elevating unit which is in its early stage of construction.