Rigas Kugu Buvetava reported earnings results for the first quarter ended March 31, 2018. The company reported net sales of EUR 817,872 compared to EUR 3,943,620 a year ago. Losses before corporate income tax was EUR 913,184 compared to EUR 346,574 a year ago. Loss after the taxation was EUR 913,184 compared to EUR 346,574 a year ago. Loss for the financial period was EUR 913,184 compared to EUR 346,574 a year ago. Losses per share was EUR 0.078 compared to EUR 0.030 a year ago. Net cash flow used in operating activities was EUR 467,926 compared to generated from EUR 70,081 a year ago.