Avangardco Investments Public Limited reported consolidated earnings and operating results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of $41,099,000 against $34,004,000 a year ago. Loss from operating activities was $12,778,000 against $3,704,000 a year ago. Loss before tax was $11,389,000 against $5,305,000 a year ago. Loss was $11,404,000 against $5,342,000 a year ago. Loss attributable to owners of the company was $10,833,000 or $2 per basic and diluted share against $4,903,000 or $1 per basic and diluted share a year ago. Net cash generated from operating activities was $6,699,000 against $3,032,000 a year ago. LBITDA was $9,058,000 against EBITDA was $100,000 a year ago. As at 31 March 2018, the Company's total debt amounted to USD 373.7 million

For the quarter, the company's production of shell eggs totaled 644 million units compared with 462 million units for the first quarter of 2017. The production of dry egg products amounted to 1,839 tonnes compared with 1,095 tonnes for the first quarter of 2017.