Lion Industries Corporation Berhad reported unaudited consolidated earnings results for the second quarter and half year ended December 31, 2012. For the quarter, the company reported revenue was MYR 1,151,859,000 against MYR 1,459,594,000 a year ago. Loss from operations was MYR 32,305,000 against MYR 16,238,000 a year ago. Loss before tax was MYR 12,340,000 against profit of MYR 16,374,000 a year ago. Loss attributable to owners of the company was MYR 6,778,000 against profit of MYR 7,027,000 a year ago. Diluted loss per share was 0.94 sen against 0.98 sen earnings per share a year ago. For the half year, the company reported revenue was MYR 2,276,802,000 against MYR 2,786,593,000 a year ago. Loss from operations was MYR 48,632,000 against profit of MYR 5,249,000 a year ago. Loss before tax was MYR 39,388,000 against profit of MYR 53,372,000 a year ago. Loss attributable to owners of the company was MYR 32,700,000 against profit of MYR 34,665,000 a year ago. Diluted loss per share was 4.56 sen against 4.83 sen earnings per share a year ago. Cash flow from operating activities was MYR 66,731,000 against cash used in operating activities was MYR 307,441,000 a year ago. Purchase of property, plant and equipment was MYR 19,049,000 against MYR 45,066,000 a year ago.

Lion Industries Corporation Berhad announced unaudited consolidated earnings results for the first quarter ended September 30, 2012. For the quarter, the company reported revenue of MYR 1,124,943,000 against MYR 1,326,999,000 a year ago. This was mainly due to the lower sales tonnage and selling prices recorded by steel division. Loss from operations was MYR 16,327,000 against profit from operations of MYR 21,487,000 a year ago, mainly due to lower sales volume and profit margins. Loss before tax was MYR 27,048,000 against profit before tax of MYR 36,998,000 a year ago. Loss attributable to owners of the company was MYR 25,922,000 or 3.61 sen per basic and diluted share against profit attributable to owners of the company of MYR 27,638,000 or 3.85 sen per basic and diluted share a year ago. Loss for the period was MYR 24,599,000 against profit for the period of MYR 30,224,000 a year ago. Cash used in operating activities was MYR 136,888,000 against MYR 285,430,000 a year ago. Purchase of property, plant and equipment was MYR 9,363,000 against MYR 14,037,000 a year ago. The company providing for a lower impairment loss on investment in quoted shares of MYR 22,561,000.

Lion Industries Corporation Berhad, Annual General Meeting, Dec 12, 2012., at 13:30 Indian Standard Time. Location: Meeting Hall, Level 16, Office Tower, No. 1 Jalan Nagasari (Off Jalan Raja Chulan). Agenda: To receive the directors' report and audited financial statements for the financial year ended June 30, 2012; to approve the payment of a first and final single-tier dividend of 1%; to approve the payment of Directors' fees; to re-elect Director; to re-appoint Auditors and to authorise the Directors to fix their remuneration; to consider the proposed renewal of authority for share buy-back; to consider the proposed shareholders' mandate for recurrent related party transactions; to consider the proposed renewal of authority for share buy-back; and to transact any other business for which due notice shall have been given.