Agromino A/S reported consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of EUR 6,386,000 against EUR 5,448,000 a year ago. Loss before income tax was EUR 10,957,000 against EUR 782,000 a year ago. Loss for the period attributable to equity holders of the company was EUR 10,860,000 or EUR 0.62 per share against EUR 820,000 or EUR 0.05 per share a year ago. Net cash generated from operating activities was EUR 2,518,000 against net cash used in operating activities of EUR 413,000 a year ago. Purchase of property, plant and equipment was EUR 117,000 against EUR 182,000 a year ago. Net debt as at March 31, 2018 was EUR 6,279,000. LBITDA was EUR 10.7 million compared to EUR 1.0 million in first quarter of 2017. The sowing process was delayed due to cold weather conditions. The influence of hard winter on net result will only be reflected in two coming quarters. Total revenue of the group for first quarter of 2018 surged by EUR 0.9 million from first quarter of 2017, due to sales of own produced cereals as the group had more unsold grain at the beginning of the period.