Companhia De Ferro Ligas Da Bahia - Ferbasa. reported unaudited parent earnings results for the fourth quarter and full year ended December 31, 2011. For the period the parent company reported net revenue of BRL 131.738 million against BRL 167.201 million for the same period a year ago. Net income was BRL 18.056 million against BRL 293.648 million for the same period a year ago. EBITDA was BRL 10.579 million against BRL 30.676 million for the same period a year ago. Earnings per share were BRL 0.20 against BRL 0.34 for the same period a year ago. For the year, the parent company reported net revenue came to BRL 642.454 million, 4.6% lower than the BRL 673.178 million posted in 2010. Annual net income totaled BRL 90.619 million, 32.2% down on the BRL 133.729 million posted the year before. EBITDA came to BRL 103.570 million in 2011, equivalent to 16.1% of net revenue, a 34% reduction over the BRL 156.920 million, or 23.3% of net revenue, reported in 2010. Earnings per share were BRL 1.03 against BRL 1.51 in the last year. Net cash from operating activities was BRL 89.621 million against BRL 78.824 million for the same period a year ago. Return on assets was 7.2% against 11.3% in the last year. Return on equity was 8.3% against 13.0% in the last year. Book value per share as on December 31, 2011 was BRL 12.42 against BRL 11.62 as on December 31, 2010. The company provided production guidance for the first quarter of 2012, the company expected total production of 57,992 tonnes. Total sales would be 58,951 tonnes.