Cognor S.A. announced consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported revenue of PLN 355,672,000 against PLN 370,782,000 a year ago. EBIT was PLN 4,907,000 against PLN 7,603,000 a year ago. Loss before tax was PLN 8,696,000 against profit before tax of PLN 12,955,000 a year ago. Loss was PLN 6,549,000 against profit of PLN 8,033,000 a year ago. EBITDA was PLN 13,799,000 against PLN 16,642,000 a year ago. Adjusted EBITDA was PLN 12,869,000 against PLN 18,914,000 a year ago. Adjusted net loss was PLN 5,868,000 against PLN 8,186,000 a year ago. Operating activities was PLN 29,016,000 against negative of PLN 3,953,000 a year ago. Net debt was PLN 413,318,000 against PLN 472,714,000 a year ago.