Italeaf S.p.A. announced consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenues of EUR 10,327,834 compared to EUR 10,236,198 a year ago. Operating loss was EUR 1,351,881 compared to profit of EUR 141 a year ago. Net loss before taxes was EUR 2,268,353 compared to EUR 1,343,627 a year ago. Net loss for the period of which attributable to the Group was EUR 1,639,991 or EUR 0.106 per basic and diluted share compared to profit of EUR 190 or EUR 0.012 per basic and diluted share a year ago. For the nine months, the company reported revenues of EUR 46,092,565 compared to EUR 57,378,343 a year ago. Operating loss was EUR 7,828,201 compared to profit of EUR 2,479,349 a year ago. Net loss before taxes was EUR 12,163,397 compared to EUR 2,061,379 a year ago. Net loss for the period of which attributable to the Group was EUR 8,398,166 or EUR 0.544 per basic and diluted share compared to EUR 2,883,328 or EUR 0.187 per basic and diluted share a year ago. Net cash flow generated by operating activities was EUR 3,967,161 compared to net cash flow used in operating activities of EUR 1,184,110 a year ago. Investments in tangible fixed assets were EUR 757,512 compared to negative of EUR 2,019,561 a year ago. Investments in intangible fixed assets were EUR 3,535,924 compared to EUR 1,513,496 a year ago. EBITDA was EUR 592,481 compared to EUR 809,754 a year ago. EBIT was EUR 133,441 compared to EUR 358,325 a year ago.