Saga Furs Oyj announced unaudited consolidated earnings results for the second quarter and six months ended February 29, 2012. For the quarter, the company reported net turnover of EUR 9,873,000 against EUR 8,912,000 a year ago. Operating loss was EUR 3,698,000 against EUR 1,563,000 a year ago. Loss before tax was EUR 2,718,000 against EUR 886,000 a year ago. Net loss for the reporting period was EUR 2,169,000 or EUR 0.60 per basic share against EUR 670,000 or EUR 0.19 per basic share a year ago. Return on equity was negative at 3.3% compared to 1.2% a year ago. For the six months, the company reported net turnover of EUR 19,736,000 against EUR 19,275,000 a year ago. Operating profit /loss was EUR 2,063,000 against operating profit of EUR 1,087,000 a year ago. Profit before tax was EUR 420,000 against EUR 2,527,000 a year ago. Net profit for the reporting period was EUR 150,000 or EUR 0.04 per basic share against EUR 1,856,000 or EUR 0.52 per basic share a year ago. Net cash outflow from operating activities was 20,586,000 against EUR 90,000 a year ago. Investments in tangible and intangible assets were 2,408,000 against EUR 1,285,000 a year ago. Return on equity was 0.2% against 3.3% a year ago. Return on investment was 0.8% against 3.2% a year ago.