Avangardco Investments Public Limited reported consolidated earnings and production results for the nine months ended September 30, 2016. For the period, the company reported revenue of $111,105,000 compared to $176,477,000 a year ago. Loss from operating activities was $22,587,000 compared to $102,069,000 a year ago. Loss before tax was $41,609,000 compared to $152,988,000 a year ago. Loss attributable to owners of the company was $38,581,000 or $6 per basic and diluted share compared to $146,125,000 or $23 per basic and diluted share a year ago. Net cash used in operating activities was $4,569,000 compared to net cash generated from operating activities of $6,813,000 a year ago. Payments for property, plant and equipment was $11,419,000 compared to $32,542,000 a year ago. Negative EBITDA was $10.0 million compared to $84.3 million a year ago.

For the nine months, the company reported production of shell eggs of 1,895 million units, a decline of 31%, compared to 2,735 million units a year ago. The production of dry egg products amounted to 8,612 tonnes, an increase of 31%, compared to 6,567 tonnes a year ago.