Nireus Aquaculture SA announced group earnings results for the first nine months of ended November 30, 2016. For the period, the company reported sales amounted to EUR 149.9 million versus EUR 140.1 million the corresponding prior year period marking an increase of 7%. Operating EBITDA, prior to the impact of biological assets, amounted to EUR 15.6 million as compared to EUR 13.4 million marking an increase of 16.5% despite the reduction in the price of sea bream during the third quarter. The increase in operating EBITDA is attributed mainly to the increase of sales quantities as well as to the decrease of the fish production cost. Total pre-tax results for the nine-month period of 2016 amounted to losses EUR 3.9 million as compared to losses 4.9 million in 2015. The total after tax results amounted to losses of EUR 1.6 million as compared to losses of EUR 3.6 million during the nine-month period of 2015. Net Debt, subsequent to the measurement of new loans at fair value, amounted to EUR 147.2 million while the corresponding amount, prior to the effect of the fair value measurement, amounted to EUR 164.7 million versus EUR 171.3 million as at December 31, 2015 noting a reduction by EUR 6.6 million.