Kinsteel Bhd reported audited consolidated and company earnings results for the full year ended June 30, 2017. For the year, on consolidated basis, the company reported revenue of MYR 225 million against MYR 299 million a year ago. Loss before taxation was MYR 345 million against MYR 93 million a year ago. Loss attributable to shareholders was MYR 324 million or 31.09 sen per basic and diluted share against MYR 74 million or 7.06 sen per basic and diluted share a year ago. Negative net tangible assets per share were MYR 25 against net tangible assets per share of MYR 34 a year ago. The significant losses reported in current financial year were mainly due to impairment of securities and related parties debts amounted to MYR 171 million arising from its RCULS and receivables in Perwaja Holdings Berhad Group following the lapsed of the Proposed Regularisation Scheme with Zhiyuan International Investment & Holding Group (Hong Kong) Co. Limited and Perwaja de-listed from the Official List of Bursa Securities pursuant to Paragraph 8.04 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad. Net cash from operating activities was MYR 1,308,000 against net cash used in operating activities of MYR 4,580,000 a year ago. Purchase of property, plant and equipment was MYR 986,000 against MYR 1,174,000 a year ago. For the year, on company basis, the company reported revenue of MYR 21.1 million against MYR 63.6 million a year ago. Loss before taxation was MYR 317.2 million against MYR 78.75 million a year ago. Loss after taxation was MYR 315.014 million against MYR 78.743 million a year ago. Net cash used in operating activities was MYR 2,973,000 against MYR 9,957,000 a year ago. Purchase of property, plant and equipment was MYR 2,000 against MYR 312,000 a year ago.