TGLT S.A. reported consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported revenue of $115.6 million compared to $267.4 million a year ago. Operating loss was $71.1 million compared to operating income of $4.7 million a year ago. Loss before Income tax was $2.0 million compared to $16.4 million a year ago. Net loss attributable to shareholders of the parent was $37.8 million or $0.54 per basic and diluted share compared to net income attributable to shareholders of the parent of $6.5 million or $0.09 per basic and diluted share a year ago. Net cash flow used in operational activities was $50.4 million compared to net cash generated by operational activities of $49.5 million a year ago. Payments for purchase of construction properties held as investments were $53.6 million. For the nine months, the company reported revenue of $447.4 million compared to $642.3 million a year ago. Operating loss was $119.8 million compared to operating income of $35.7 million a year ago. Loss before Income tax was $105.0 million compared to $2.0 million a year ago. Net loss attributable to shareholders of the parent was $112.9 million or $1.61 per basic and diluted share compared to net income attributable to shareholders of the parent of $1.4 million or $0.02 per basic and diluted share a year ago. Net cash flow used in operational activities was $148.8 million compared to net cash generated by operational activities of $40.1 million a year ago. Payments for purchase of construction properties held as investments were $53.3 million. Payments for purchase of intangible assets were $0.2 million compared to $0.6 million a year ago.