Pharol, SGPS S.A. reported consolidated earnings results for the half year ended June 30, 2017. For the period, the company reported loss before financial results and taxes of EUR 191,242 against EUR 3,361,722 a year ago. Income before taxes was EUR 61,793,777 against loss before taxes of EUR 8,240,771 a year ago. Profit attributable to equity holders of the parent was EUR 61,776,672 or EUR 0.07 per basic and diluted share against loss attributable to equity holders of the parent of EUR 8,256,004 or EUR 0.01 per basic and diluted share a year ago. Cash out flows from operating activities were EUR 6,016,691 against EUR 1,924,886 a year ago. LBITDA was EUR 2.6 million against EUR 3.3 million a year ago.