Nireus Aquaculture S.A. announced earnings results for the six months of 2017, the company sales amounted to €102 million versus €95.4 million in the corresponding prior year period marking an increase of 6.9%. Sales of the aquaculture segment which accounts for 91.7% of total sales increased by 7.6%. Exports, which correspond to 80% of sales, amounted to €81.6 million presenting an increase of €4.4 million or 5.7% as compared to the six month period of 2016. EBITDA improved by €6.3 million from negative 1 million in the six months period of 2016 to €5.3 million in the first semester of 2017. Operational EBITDA amounted to €2.8 million versus €4.1 million in 2016 presenting a decrease of €1.3 million due to the reduction in the sale price of sea bream as compared to the first semester of 2016. Total pre-tax results for the first semester of 2017 amounted to losses of €1.9 million versus losses of €7.6 million in the corresponding prior year period presenting an improvement by €5.7 million or 75%. It is noted that the negative results of the first six months period is attributed to reduced biomass of fresh fish as a result of their biological cycle based on which a recovery in biomass is noted during the second semester, with an ultimate increase in their size volume expected during the end of the year. The total after tax results amounted to losses of €2.6 million as compared to losses of €6.6 million during the first semester of 2016, noting an improvement by an amount of €4 million or 60%. Operating cash flows amounted to €12.6 million versus €3.1 million as compared to the corresponding prior year period of 2016 making significant increase of €9.5 million. Net Debt amounted to €165.2 million versus €171.6 million as at 30/6/2016.