TGLT S.A. announced consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company announced revenue was $313.2 million compared to $183.5 million for the same period a year ago. Operating loss was $46.7 million compared to $12.7 million for the same period a year ago. Loss before Income tax was $66.9 million compared to $30.5 million for the same period a year ago. Net loss attributable to shareholders of the parent company was $40.2 million or $0.57 per basic and diluted share compared to net income attributable to shareholders of the parent company of $8.4 million or $0.12 per basic and diluted share for the same period a year ago. Adjusted operating loss was $24.0 million compared to adjusted operating income of $1.5 million for the same period a year ago. Net cash flow used in operational activities was $102.1 million compared to net cash flow generated from operating activities of $126.3 million for the same period a year ago. Payments for purchase of PP&E were $0.2 million. Net debt was $674.8 million compared to $238.2 million for the same period a year ago.