Atlas Estates Limited announced unaudited consolidated and non-consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, on consolidated basis, the company reported revenues of €8,305,000 against €7,803,000 a year ago. Profit from operations was €1,612,000 against €1,314,000 a year ago. Loss before taxation was €444,000 against profit before taxation of €6,322,000 a year ago. Loss for the period attributable to owners of the parent was €348,000 or 0.7 cents basic and diluted per share against profit for the period attributable to owners of the parent of €6,778,000 or 14.5 cents basic and diluted per share a year ago. Net cash used in operating activities was €2,625,000 against net cash from operating activities of €2,075,000 a year ago. Purchase of property, plant and equipment was €81,000 against €212,000 a year ago. Basic net asset value per share was €1.4 against €1.2 a year ago. For the quarter, on non-consolidated basis, the company reported loss from operations of €281,000 against €235,000 a year ago. Loss before taxation was €293,000 against €213,000 a year ago. Loss for the period was €293,000 against €213,000 a year ago. Net cash used in operating activities was €2,483,000 against €402,000 a year ago. Purchase of property, plant and equipment was €81,000 against €212,000 a year ago.