Zenitel NV announced unaudited consolidated earnings results for the six month period ended 30 June 2016. Revenue of the first half year 2016 amounts to EUR 34.2 million compared to restated EUR 34.4 million in the first half of 2015, a small decrease on top line figures of 0.6% mainly still due to reduced investments in the Oil and Gas industry. EBITDA amounted to EUR 2.4 million in 2016, 55.3% up from the restated previous year. Operating profit or EBIT amounted to EUR 1.2 million, EUR 0.3 million or 32.7% up from last year restated financials. The Net result for the first six months of 2016 amounted to EUR 1.2 million, compared to EUR 1.5 million for the same period in 2015. The decrease is due to sale of the Caribbean Company, back in 2015 and the directly expensed R&D costs in the profit and loss statements since January 1, 2016. Earnings per share amounted to EUR 0.03 in the first semester of 2016 against EUR 0.04 in the first semester of 2015. Cash flow from operations before changes in working capital amounted to EUR 2.5 million against EUR 3.6 million in the previous year. Payments for property, plant and equipment was EUR 105,000 compared to EUR 251,000 a year ago. Payments for intangible assets were EUR 25,000 compared to EUR 801,000 a year ago.