Kinsteel Bhd reported unaudited consolidated earnings results for the first quarter ended September 30, 2017. The company reported revenue of MYR 42,936,000, loss before taxation of MYR 35,439,000, loss attributable to equity holders of parent of MYR 29,098,000 or 2.79 sen per basic share against revenue of MYR 51,399,000, loss before taxation of MYR 15,471,000, loss attributable to equity holders of parent of MYR 11,469,000 or 1.10 sen per basic share a year ago. Net cash from operating activities was MYR 978,000 against net cash used in operating activities of MYR 5,789,000 a year ago. Purchase of property, plant and equipment was MYR 19,000 against MYR 231,000 a year ago. The Group posted an unfavorable results for the current quarter against preceding period corresponding quarter were mainly due to decrease in production of steel products as the Group is in the midst of restructuring of its debts with its lenders and difficulty to obtain further credit facilities to procure raw material from suppliers.