Cyprus Forest Industries Public Ltd. reported unaudited consolidated earnings results for the half year ended June 30, 2016. For the period, the company reported turnover of EUR 3,545,024 against EUR 2,877,302 a year ago. Loss from operations before financing costs was EUR 301,329 against EUR 615,136 a year ago. Loss for the period before taxation was EUR 486,879 against EUR 807,774 a year ago. Loss for the period was EUR 469,915 against EUR 783,260 a year ago. Loss for the period attributable to the company's owners was EUR 468,918 against EUR 777,494 a year ago. Basic and fully diluted loss per share was 15.33 cents against 25.41 cents a year ago. Net cash flow from operations was EUR 225,488 against EUR 468,275 a year ago. Payments for purchase of plant and equipment were EUR 2,442 against EUR 804 a year ago.

Based on current data, the Board of Directors continues to believe that the results for 2016 will be negative but improved compared to 2015.