Joint stock company Grobina reported unaudited earnings results for the first quarter ended March 31, 2016. For the quarter, net turnover was EUR 1,648,395 against EUR 2,071,183 a year ago. Loss from operations was EUR 2,099,217 against profit of EUR 627,050 a year ago. Loss before taxes was EUR 2,153,483 against profit of EUR 500,304 a year ago. Loss of the reporting year was EUR 2,163,143 or EUR 4.326 per share against profit of EUR 497,969 or EUR 0.996 per share a year ago. Net cash flows used in operating activities was EUR 289,031 against net cash flows from operating activities of EUR 707,792 a year ago. Additions in tangible and intangible assets were EUR 511,040 against EUR 21,870 a year ago. Negative return on equity was 461%.