Nico Steel Holdings Limited reported Unaudited earnings results for the six months ended August 31, 2018. For the period, the company reported revenue of USD 8,022,000 compared to USD 6,135,000 a year ago. Profit before tax was USD 257,000 compared to USD 49,000 a year ago. Net profit attributable to owners of the Company was USD 121,000 compared to USD 1,000 a year ago. The significant increase in net profit was mainly due to an increase in production and sales of Nico brand metal alloy materials which command higher gross profit margin but this was partially offset by the increase in operating expenses and the recognition of foreign exchange loss. Basic and diluted Profit per share was 0.005 cents against 0.000 cents a year ago. Cash flows generated from operating activities was USD 19,000 against Cash flows generated used in operating activities was USD 671,000 a year ago. Purchase of property, plant and equipment was USD 98,000 against USD 2,000 a year ago.