Saga Furs Oyj announced unaudited consolidated earnings results for the six months ended April 30, 2016. For the period, the company reported net turnover of EUR 18,321,000 against EUR 32,893,000 a year ago. Operating loss was EUR 10,950,000 against operating profit of EUR 3,298,000 a year ago. Loss before tax was EUR 9,409,000 against profit before tax of EUR 6,611,000 a year ago. Net loss for the reporting period was EUR 9,468,000 or EUR 2.63 per basic share against net profit for the reporting period of EUR 5,075,000 or EUR 1.41 per basic share a year ago. Property, plant and equipment was EUR 38,663,000 against EUR 40,524,000 a year ago. Net cash flow from operating activities was EUR 2,575,000 against EUR 31,210,000 a year ago. Return on equity was negative at 10.7% compared to positive 5.68% a year ago. Gross capital expenditure was EUR 1,741,000 compared to EUR of 5,198,000 a year ago.