Per Aarsleff A/S announced unaudited consolidated earnings results for the second quarter and six months ended March 31, 2012. For the quarter, the company reported revenue of DKK 1,472,480,000 against DKK 1,341,620,000 a year ago. Operating profit was DKK 20,085,000 against DKK 21,725,000 a year ago. Profit before tax was DKK 14,318,000 against DKK 19,475,000 a year ago. Profit after tax was DKK 5,692,000 against DKK 11,133,000 a year ago. Earnings per share were DKK 2.8 against DKK 5.5 a year ago. For the six months, the company reported revenue of DKK 3,177,700,000 against DKK 2,718,580,000 a year ago. Operating profit was DKK 83,021,000 against DKK 72,280,000 a year ago. Profit before tax was DKK 75,520,000 against DKK 67,954,000 a year ago. Profit after tax was DKK 51,059,000 against DKK 47,151,000 a year ago. Earnings per share were DKK 25.0 against DKK 23.1 a year ago. Cash flow from operating activities was DKK 191,868,000 against DKK 212,863,000 a year ago. Net investment in property, plant and equipment and intangible assets were DKK 143,923,000 against DKK 152,284,000 a year ago. Return on equity was 3.4% against 3.3% a year ago. Return on invested capital was 4.9% against 4.6% a year ago. Net debt as of March 31, 2012 was DKK 184 million. The company provided earnings guidance for the financial year of 2012. The company maintains its expectations for a profit before tax of DKK 180 million for the financial year 2011/2012.