UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934
 
Date of Report: May 4, 2010
 
ALLOY STEEL INTERNATIONAL, INC.
(Exact Name of Registrant as Specified in Charter)

DELAWARE
000-32875
98-0233941
(State or other jurisdiction of incorporation)
Commission File Number)
IRS Employer Identification No.)

42 MERCANTILE WAY MALAGA
P.O. BOX 3087 MALAGA DC 6945

(Address of principal executive offices)

Registrant’s telephone number, including area code:  +61 8 9248 3188
 


 
 

 

ITEM 2.02 Results of Operations and Financial Condition

Preliminary Half Year Profit Advice

Mr G Kostecki, Chief Executive Officer of Alloy Steel International Inc, is very pleased to advise the market of the company’s profit performance for the period ending March 31, 2010, being the first six months of the company’s fiscal year.

It must be emphasized that these results are still subject to final audit review, but no material changes to the figures are anticipated.

The profit before taxation for the period under review was $3,919,036 (2009 $119,164) an increase of $3,799,872. After taxation impost, the amount attributable to stockholders was $2,617,540.

This profit was generated on sales of $10,970,952 (2009 $3,325,278).

Mr Kostecki commented that this is truly an outstanding result, a tribute to the employees of the company and further proof that the previous downturn in the mining industry is reversing.

The company is expecting this trend to continue and at April 30, 2010, there were confirmed orders of $8,650,000 waiting to go into production.
As the market will perceive the company is starting to garner the benefits from the new super Arcoplate released in the latter half of last year.

The company expects to lodge the 10Q for the period early in the second week of this month.

 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
  ALLOY STEEL INTERNATIONAL, INC.
       
Date: May 4, 2010
 
By:
/s/ Alan Winduss
       
     
     Alan Winduss
     
     Chief Financial Officer
 
 


The following information was filed by Alloy Steel International Inc (AYSI) on Tuesday, May 4, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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