Public Joint Stock Company Rosinter Restaurants Holding reported consolidated unaudited earnings results for the six months ended June 30, 2017. For the period, the company reported net revenue of RUB 3,446,221,000 against RUB 3,564,221,000 reported last year. Profit from operating activities before impairment was RUB 14,097,000 against loss of RUB 27,306,000 reported last year. Profit from operating activities after impairment was RUB 26,256,000 against loss of RUB 18,415,000 reported last year. Loss before income tax was RUB 61,800,000 against RUB 206,190,000 reported last year. Net loss for the period attributable to equity holders of the parent entity was RUB 144,646,000 or RUB 9.06 diluted per share against RUB 188,622,000 or RUB 11.80 diluted per share reported last year. Net cash used in generated from operations were RUB 80,771,000 against net cash flow generated from operations of RUB 235,118,000 reported last year. Purchases of property and equipment were RUB 93,343,000 against RUB 107,196,000 reported last year. Purchase of intangible assets was RUB 6,647,000 against RUB 21,833,000 reported last year. Net debt was RUB 2,489,879,000. EBITDA before impairment and write-offs increased to RUB 133 million from RUB 65 million in first half of 2016, EBITDA margin before impairment and write-offs increased to 3.8% from 1.8% in first half of 2016. Revenue decreased by 3.6% compared to first half of 2016, mainly driven by restaurants portfolio optimization. Gross profit margin increased to 14.0% to 14.0% in first half of 2017 from 11.3% in first half of 2016, mainly driven by decrease in food and beverages cost, measured as a percentage of total revenue.