Technical Olympic SA announced group and company earnings results for the full year ended December 31, 2011. For the period, the group reported sales from construction contracts was EUR 27.903 million compared with EUR 32.475 million for the same period a year ago. LBIT was EUR 9.740 million compared with EUR 7.098 million for the same period a year ago. Loss before tax was EUR 19.200 million compared with EUR 12.055 million for the same period a year ago. Net consolidated loss after tax was EUR 20.312 million compared with EUR 10.258 million for the same period a year ago. Loss distributed to shareholders was EUR 16.0 million compared with EUR 9.650 million for the same period a year ago. EBITDA was EUR 6.097 million compared with EUR 6.013 million for the same period a year ago. Total cash inflow from operating activities was EUR 3.528 million compared with EUR 11.290 million for the same period a year ago. Purchase of tangible and intangible assets was EUR 1.937 million compared with EUR 1.878 million for the same period a year ago. For the period, the company reported LBIT was EUR 1.497 million compared with EUR 0.129 million for the same period a year ago. Loss before tax was EUR 1.122 million compared with EUR 0.778 million for the same period a year ago. Net consolidated loss after tax was EUR 1.062 million compared with EUR 0.640 million for the same period a year ago. Loss distributed to shareholders was EUR 1.062 million compared with EUR 0.640 million for the same period a year ago. LBITDA was EUR 1.393 million compared with EBITDA of EUR 0.018 million for the same period a year ago. Total cash outflow from operating activities was EUR 4.649 million compared with EUR 2.646 million for the same period a year ago.