Replies to post #3426 on Alloy Steel Inc. (fka AYSI)

[researcher59]

AYSI (0.52) posts EPS of $0.041 for Q4 and $0.148 for Sept FY08. Q4 results assume a tax rate of 31.5% as in the first 9 months. Revenue of $3.57M in Q4 and $13.5M for the year ..... 8K filing states the following -

PRELIMINARY FULL YEAR PROFIT ADVICE
FOR THE YEAR ENDED SEPTEMBER 30, 2008

The Company advises that its unaudited profit before income tax expense for the financial year ended September 30, 2008 is $3,670,000. This is an increase of $1,710,000 over the profit before income tax expense achieved for the year ended September 30, 2007.

This profit has been achieved on sales of $13,500,000, which is an increase in sales of $4,800,000 over the previous year.

While these figures are still subject to final sign off by the Company’s Auditors, the Directors do not believe there will be any significant changes to these figures.

The Company is very cognizant of the possible effects of the economic downturn on the world mining market but believes that, with its positioning in the market place, it will not be adversely affected by the possible change in market conditions.

[DaveinHackensack]

$3,572,000 in Q4 sales and $1,014,000 in pre-tax income.

I was a too high on my profit estimate ($1.3 million) and a little too low on my revenue estimate for the quarter ($3 million). Looks like those finished good showed up as revenue in the Q as Alan said they would though.

[littlefish]

Gonna have to wait for the whole report to dig thru how #s broke down. At least we have #s now to go by.