Atlas Estates Limited announced unaudited consolidated and non-consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, on consolidated basis, the company's revenues were €6.8 million compared with €8.3 million a year ago. Profit from operations was €0.89 million compared with €1.6 million a year ago. Profit before taxation was €3.3 million compared with loss of €0.44 million a year ago. Profit attributable to owners of the parent was €3.45 million or 7.4 cents per basic and diluted share compared with loss of €0.35 million or 0.7 cents per basic and diluted share a year ago. The significant change of the noted results was mainly a joint effect of: movements in the foreign currency exchange differences from loss of €0.1 million for the first quarter 2016 to gain of €2.9 million for the first quarter 2017 mainly as a result of the fairly stable level of the local currencies in the first quarter 2016 as compared to appreciation of PLN by 5% in the first quarter 2017, decrease of finance costs from €2.0 million in the first quarter of 2016 to €0.7 million in the first quarter of 2017 mainly due to favourable movements on the derivative instrument associated with Hilton bank loan facility. Net cash from operating activities was €1.9 million compared with net cash used in operating activities of €2.6 million a year ago. Purchase of property, plant and equipment was €0.009 million compared with €0.08 million a year ago. Adjusted profit was €3.45 million or 7.4 cents per diluted share compared with €0.35 million or 0.7 cents a year ago. As on March 31, 2017, the company's basic net asset value per share was €1.6. For the quarter, on non-consolidated basis, the company's loss from operations was €0.39 million compared with €0.28 million a year ago. Loss before taxation was €0.2 million compared with €0.29 million a year ago. Loss for the period was €0.2 million compared with €0.29 million a year ago. Net cash used in operating activities was €0.07 million compared with €2.5 million a year ago.