Alloy Steel International Inc. reported unaudited consolidated earnings results for the first quarter ended December 31, 2011. For the quarter, the company reported total sales were $7.59 million versus $5.11 million a year ago. The increase in sales is attributed to higher sales in Australia particularly in the Western Australia iron ore segment. Income before tax was $0.77 million or $0.04 per common share compared with income before tax of $1.03 million or $0.06 per common share a year ago. Net income attributable to stockholders was $0.58 million or $0.03 per basic and diluted share compared to net income attributable to stockholders of $0.82 million or $0.05 per basic and diluted share for the same period a year ago. Profit from operations was $0.84 million compared to $1.1 million for the same period a year ago. Income before income tax benefit was $0.77 million compared to $1.03 million for the same period a year ago.