KappAhl AB (publ) announced consolidated and parent earnings results for the second quarter and first half year ended February 28, 2018. For the quarter, on consolidated basis, the company's net sales were SEK 1,115 million compared with SEK 1,189 million a year ago. Operating profit was SEK 5 million compared with SEK 47 million a year ago. Profit before taxes was SEK 5 million compared with SEK 51 million a year ago. Profit attributable to parent company shareholders was SEK 5 million or SEK 0.07 per share compared with SEK 34 million or SEK 0.44 per share a year ago. Negative cash flow from operating activities was SEK 87 million compared with cash flow from operating activities of SEK 27 million a year ago. Operation profit (EBITDA) was SEK 41 million against SEK 77 million for the same period a year ago. For the half year, on consolidated basis, the company's net sales were SEK 2,280 million compared with SEK 2,450 million a year ago. This is a decrease of 6.9% compared with the previous year. This is explained by the effect of new and closed stores. Operating profit was SEK 95 million compared with SEK 190 million a year ago. Profit before taxes was SEK 96 million compared with SEK 193 million a year ago. Profit attributable to parent company shareholders was SEK 81 million or SEK 1.05 per share compared with SEK 141 million or SEK 1.84 per share a year ago. Cash flow from operating activities was SEK 51 million compared with SEK 189 million a year ago. Return on equity was 4.8%. Operation profit (EBITDA) was SEK 162 million against SEK 249 million for the same period a year ago. For the quarter, on parent basis, the company's net sales were SEK 4 million compared with SEK 7 million a year ago. Profit before tax was SEK 45 million compared with SEK 50 million a year ago. Net profit was SEK 47 million against SEK 50 million for the same period a year ago. For the half year, on parent basis, the company's net sales were SEK 10 million compared with SEK 13 million a year ago. Profit before tax was SEK 32 million compared with SEK 45 million a year ago. Net profit was SEK 37 million against SEK 46 million for the same period a year ago.