RIAS A/S reported unaudited earnings results for the first half year ended March 31, 2012. For the period, the company reported net turnover of DKK 109,856,000 compared to DKK 113,616,000 a year ago. Profit before net financials and tax was DKK 2,708,000 compared to DKK 3,587,000 a year ago. Profit before tax was DKK 2,596,000 compared to DKK 3,352,000 a year ago. Profit for the period was DKK 1,933,000 or DKK 8 per share compared to DKK 2,506,000 or DKK 11 per share a year ago. Net cash flow from primary operating activities was DKK 285,000 compared to DKK 11,872,000 a year ago. Purchasing of intangible assets was DKK 177,000 compared to DKK 4,825,000 a year ago. Purchasing of tangible assets was DKK 445,000 compared to DKK 586,000 a year ago. The decrease in cash flows from operating activities primarily be attributed to a change in working capital from the beginning of the period to the end of the period related to receivables as well as trade payables and other payables. The net turnover decreased has been characterised by the uncertainty in the European economies, but also specifically in the Danish economy after the change of government. This has resulted in a hesitant attitude and, among other things, a reduction of stock at customers, particularly during the first half of the period. Furthermore, a mild winter and the stormy weather of January 2012 have affected the sales of Construction division products in a positive direction. The company expects a better second half year, based on the trend from the last three months of the first half year as well as cost savings started. The board of directors maintains the previously announced expected profit level of the year of DKK 8 million to DKK 12 million before tax.