Nireus Aquaculture S.A. reported earnings results for the full year of 2016. For the period, the company’s group sales amounted to EUR 197.8 million against of EUR 185.4 million in 2015. Operating EBITDA amounted to EUR 27.3 million against of EUR 22.3 million in 2015 presenting an increase of 22.4%, despite the reduction in the sale price of sea bream during the second semester. The increase in operating EBITDA was mainly attributed to increased sales volumes and to a reduction in the fish production cost. Total pre-tax results amounted to profits of EUR 7.9 million against the profits of EUR 68.1 million in 2015. Total after tax profits of the year amounted to EUR 10.9 million as compared to profits of EUR 60.1 million in 2015 which, as previously mentioned, include the profits from the valuation at fair value of the loan borrowings refinancing and the share capital increase. Positive operating cash flows continued in 2016 which amounted to EUR 4.8 million as compared to EUR 5.9 million in 2015. Investments in fixed assets amounted to EUR 6.6 million as compared to EUR 6.9 million in 2015.