Contax Participações S.A. announced consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported net operating revenue of BRL 419.5 million against BRL 477.9 million a year ago. LBITDA was BRL 34.0 million against EBITDA of BRL 212.8 million a year ago. LBIT was BRL 61.5 million against EBIT of BRL 168.0 million a year ago. Loss before income tax was BRL 117.9 million against income of BRL 108.8 million a year ago. Net loss was BRL 107.6 million against net income of BRL 73.9 million a year ago. Capex was BRL 7.0 million against BRL 5.5 million a year ago. On adjusted basis, the company reported net operating revenue of BRL 419.5 million against BRL 477.9 million a year ago. LBITDA was BRL 3.1 million against EBITDA of BRL 11.4 million a year ago. LBIT was BRL 44.6 million against BRL 33.4 million a year ago. For the nine months, the company reported net operating revenue of BRL 1,307.8 million against BRL 1,513.2 million a year ago. LBITDA was BRL 36.2 million against EBITDA of BRL 163.7 million a year ago. LBIT was BRL 119.7 million against EBIT of BRL 49.4 million a year ago. Loss before income tax was BRL 265.8 million against BRL 90.1 million a year ago. Net loss was BRL 286.1 million against BRL 51.7 million a year ago. Net cash from operating activities was BRL 77.8 million against net cash used in operating activities of BRL 26.1 million a year ago. Net debt was BRL 1,352.3 million against BRL 1,055.8 million a year ago. Capex was BRL 17.9 million against BRL 12.1 million a year ago. On adjusted basis, the company reported net operating revenue of BRL 1,317.4 million against BRL 1,513.2 million a year ago. LBITDA was BRL 10.7 million against BRL 29.5 million a year ago. This improvement is a result of the operational turnaround process started in 2016, aimed at achieving compatible margins with the sector through the continuous enhancement of contract profitability, business processes revision and the increase of the quality of the service rendered. LBIT was BRL 93.2 million against BRL 152.0 million a year ago.