Avangardco Investments Public Limited reported consolidated earnings and production results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenue of USD 29,317,000 compared to USD 46,358,000 a year ago. Operating loss was USD 7,134,000 compared to USD 1,594,000 a year ago. LBITDA was USD 3,184,000 compared to EBITDA of USD 2,450,000 a year ago. Net loss was USD 9,181,000 compared to USD 6,139,000 a year ago.

For the nine months period, the company reported revenue of USD 83,991,000 compared to USD 111,105,000 a year ago. LBITDA was USD 12,209,000 compared to USD 10,018,000 a year ago. Loss from operating activities was USD 24,983,000 against USD 22,587,000 a year ago. Loss before tax was USD 22,589,000 against USD 41,609,000 a year ago. Loss attributable to owners of the company was USD 20,390,000 or USD 3.00 per basic and diluted share against USD 38,581,000 or USD 6.00 per basic and diluted share a year ago. Net cash generated from operating activities was USD 2,815,000 against net cash used in operating activities of USD 4,569,000 a year ago. Payments and receipts - property, plant and equipment were USD 1,057,000 against USD 11,419,000 a year ago. Net debt was USD 347.9 million.

For the quarter, the company reported production of shell eggs totaled 700 million units against 646 million units a year ago. Dry egg products production was 2,029 tonnes against 3,206 tonnes a year ago.

For the nine months, the company reported production of shell eggs totaled 1,693 million units against 1,895 million units a year ago. Dry egg products production was 4,415 tonnes against 8,612 tonnes a year ago.