Conafi Prestito S.p.A. reported consolidated earnings results for the third quarter ended September 30, 2016. For the quarter, the company reported interest income and similar revenues of EUR 398,000 against EUR 580,000 a year ago. Loss from normal operations was EUR 1,838,000 against EUR 1,828,000 a year ago. Loss before taxes from current operations was EUR 1,838,000 against EUR 1,828,000 a year ago. Loss after taxes from current operations was EUR 1,921,000 against EUR 1,832,000 a year ago. Net loss for the year was EUR 1,921,000 against EUR 1,832,000 a year ago. Net cash position was EUR 17.0 million against EUR 16.7 million at June 30, 2016.

For the quarter, the company announced net impairment losses on loans of EUR 568 million compared to EUR 424 million a year ago. Net impairment on property, plant and equipment and intangible assets was EUR 568 million compared to EUR 424 million a year ago.