Avangardco Investments Public Limited reported consolidated earnings and production results for the six months ended June 30, 2016. For the six months period, the company reported revenue of $64,777,000 compared to $121,397,000 a year ago. Loss from operating activities was $20,973,000 compared to $110,446,000 a year ago. Loss before tax was $35,476,000 compared to $154,950,000 a year ago. Loss attributable to owners of the company was $49,823,000 or $5 per basic and diluted share compared to $329,802,000 or $23 per basic and diluted share a year ago. Net cash used in operating activities was $752,000 compared to net cash generated from operating activities of $3,349,000 a year ago. Payments and receipts - property, plant and equipment were $11,091,000 compared to $16,092,000 a year ago. As at 30 June 2016, the Company's total debt amounted to $343.4 million compared to $336.4 million a year ago. Net debt amounted to $326.3 million compared to $305.0 million a year ago. The negative EBITDA amounted to $22.6 million compared to $103.3 million a year ago. Net loss reduced to $32.6 million compared to $152.4 million a year ago.

 For the first half of 2016 the company announced production of shell eggs totaled 1,249 million units, a decline of 34% year over year. Sales of shell eggs amounted to 751 million units, down by 56% compared to 1,700 million units a year ago. The production of dry egg products amounted to 5,406 tonnes, an increase of 52% compared to 3,562 tonnes a year ago. Sales of dry egg products totaled 3,918 tonnes, down by 31% compared to 5,691 tonnes a year ago.